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CRML and Romania Establish Joint Venture to Develop European Rare Earth Supply Chain

CRML and Romania Establish Joint Venture to Develop European Rare Earth Supply Chain

Critical Metals (CRML) has entered into a 50/50 joint venture with Romania's state-owned Fabrica de Prelucrare a Concentratelor de Uraniu (FPCU) to create a fully integrated European rare earth supply chain. This initiative aims to secure rare earth materials for European manufacturing and national security sectors. Under the agreement, CRML will have long-term offtake rights to 50% of the Tanbreez concentrate output and plans to develop a rare earth processing facility in Romania. This move challenges China's dominance in global rare earth processing, as China currently controls about 80% of this market. The facility will produce aerospace and military-grade magnets, enhancing stability for European industries.
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CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

Critical Metals (CRML) has entered into a joint venture with Romania's state-owned entity to establish a fully integrated rare earth supply chain in Europe. This partnership aims to create a mine-to-processing operation to secure rare earth materials for European manufacturing and national security sectors. The initiative challenges China's dominance in global rare earth processing, as China currently controls a significant portion of the market. The joint venture will focus on producing aerospace and military-grade magnets, enhancing stability for European industries.
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CRML Forms Joint Venture to Challenge China's Rare Earth Dominance

CRML Forms Joint Venture to Challenge China's Rare Earth Dominance

Critical Metals Corp (CRML) has announced a joint venture with Romanian State-owned processor FPCU to establish a fully integrated rare earths supply chain in the Western world. This partnership grants CRML long-term rights to supply 50% of the concentrate from its Tanbreez project in Greenland to a Romanian processing facility. The facility will produce rare earth metals and military-grade magnets for European manufacturers and defense sectors. This move is part of CRML's strategy to secure downstream capacity for its output, with existing agreements already accounting for 75% of production.
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Critical Metals Announces Joint Venture with Romanian State-Owned Company, Boosting Stock

Critical Metals Announces Joint Venture with Romanian State-Owned Company, Boosting Stock

Critical Metals Announces Joint Venture with Romanian State-Owned Company, Boosting Stock
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MP Materials to Begin Shipping U.S.-Made High-Performance Magnets by Late 2025

MP Materials to Begin Shipping U.S.-Made High-Performance Magnets by Late 2025

MP Materials to Begin Shipping U.S.-Made High-Performance Magnets by Late 2025
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Ford suppliers receive China's new streamlined rare-earth licences

Ford suppliers receive China's new streamlined rare-earth licences

By Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licences issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.
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EU firms in China accelerating supply chain diversification, report finds

EU firms in China accelerating supply chain diversification, report finds

By Laurie Chen BEIJING, Dec 10 (Reuters) - European firms are accelerating efforts to diversify away from Chinese supply chains as Beijing's self-reliance drive and export controls deepen global trade uncertainty, the European Union Chamber of Commerce in China said on Wednesday.
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US Lawmaker Raises Concerns Over Ivanhoe Atlantic's Chinese Ties Impacting National Security

US Lawmaker Raises Concerns Over Ivanhoe Atlantic's Chinese Ties Impacting National Security

US lawmaker John Moolenaar, who chairs the US House of Representatives' bipartisan select committee on China, has expressed concerns regarding Ivanhoe Atlantic's connections with Chinese state-owned enterprises. In a letter to State Department Secretary Marco Rubio, Moolenaar highlighted Ivanhoe Atlantic's significant ties to the Chinese Communist Party (CCP) through its major shareholder, I-Pulse, and its connections to Chinese companies CITIC Group and Zijin Mining. CITIC's telecommunication services have been flagged by the US Federal Communications Commission as a national security risk, while Zijin was added to the 'Uyghur Forced Labor Prevention Act' entity list in 2025 for using forced labor in China. Moolenaar's letter underscores the strategic investments by the CCP in foreign mining firms to secure critical mineral supply chains.
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Wingtech asks Nexperia custodians to China for control talks, source says

Wingtech asks Nexperia custodians to China for control talks, source says

AMSTERDAM, Dec 10 (Reuters) - Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, has invited the court-appointed custodians of its Dutch unit to Beijing for talks on control of the company, a source familiar with the dispute told Reuters.
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Huawei weighs French factory's future in tough European market, say sources

Huawei weighs French factory's future in tough European market, say sources

By Elizabeth Pineau and Mathieu Rosemain PARIS, Dec 10 (Reuters) - Huawei is considering the future of a recently completed plant in eastern France, three people familiar with the matter said, amid the slow roll-out of 5G in Europe and a hardening stance by some governments on using Chinese
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US military developing small refineries for critical minerals

US military developing small refineries for critical minerals

Dec 9 (Reuters) - The U.S. military said it plans to develop a fleet of small-scale refineries to produce critical minerals used to make bullets, armor and other types of weaponry, a move aimed at developing domestic sources for niche materials that Chinese miners have long controlled.
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MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative

MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative

MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative