Loading ...But plans to build here as well.
Some Aussie company’s will benefit and MP I mentioned before.
Overall, Australia is on track to triple its output of mined rare earth oxides between 2025 and 2027.
Domestically, Executive Order 14241 directs federal agencies to streamline permitting and accelerate the development of U.S. mineral projects, while invoking the Defense Production Act (DPA) to prioritize and fund the mining and processing of critical minerals on public lands. Currently, there is no heavy rare earth separation capacity in the United States, though efforts to build this capability are underway. The Department of Defense (DOD), in its 2024 National Defense Industrial Strategy, set a target to establish a fully integrated mine-to-magnet rare earth supply chain capable of meeting all U.S. defense requirements by 2027. Since 2020, the DOD has invested over $439 million to strengthen domestic supply chains. This includes a $9.6 million award to MP Materials in 2020 under the DPA Title III program to develop a light rare earth separation facility at Mountain Pass, California, followed by a $35 million award in 2022 for a heavy rare earth processing facility. These would be the first fully integrated rare earth facilities in the United States, spanning mining and separation at Mountain Pass to refining and magnet manufacturing in Fort Worth, Texas. However, even once operational, MP Materials is projected to produce only 1,000 tons of neodymium-iron-boron magnets annually by the end of 2025—less than 1 percent of the 138,000 tons China produced in 2018.