Any thoughts as to the symbolism of the #MKAR team standing outside the US Embassy Warsaw after hitting a major milestone following "great meetings?" Hopefully #MKA will enlighten the market regarding this "major milestone" asap.
Great meetings in Warsaw today as we hit a major milestone for #MKAR @USEmbassyWarsaw @DFCgov @USEmbassyLLW @AsstSecStateAF #RareEarths @CommerceGov #MKA #Pulawy
#MKA
The US #REE magnet supply continues to tighten, with $GE now feeling it.
finance.yahoo.com/markets/st…
🚨 In 66 days the Pentagon's magnet rule stops asking "where was it melted?" and starts asking "where was it mined?" 🧲
📜 Today (to 31 Dec 2026): DFARS 252.225-7052 only bars NdFeB magnets if the Nd-Fe-B alloy was melted, or the magnet made (powder → press → sinter → magnetise), in China, Russia, Iran or North Korea.
⛏️ From 1 Jan 2027: "the entire supply chain from mining of neodymium, iron, and boron through production of finished magnets." Mined, refined, separated, melted or produced in a covered country = cannot be delivered under a DoD contract. The clause flows down to every subcontract tier.
📊 The gap it lands on: US demand ~48,000 t of NdFeB in 2025 vs ~300 t domestic supply (Arthur D. Little via Reuters). Capacity on track for ~5,000 t by end-2026.
♻️ The one recycling carve-out: an NdFeB magnet made from recycled material is exempt only if the recycled material is milled AND the final magnet sintered in the United States. For recycled NdFeB processed anywhere else, the clause is silent on how the mine-origin test is applied.
🔓 Escape valves: COTS items under 50% covered material by weight, electronic devices, buys under the simplified acquisition threshold, and a written nonavailability determination if compliant magnets "cannot be procured as and when needed at a reasonable price." My read: that last one does a lot of work in 2027.
🗓️ The date has already slipped once (2026 → 2027 via FY2024 NDAA s.854), and contractors have reportedly lobbied for another delay.
👀 Bottom Line: 66 days from now, every NdFeB magnet in a US defence contract needs a paper trail back to the mine, in a market that supplied 300 t of its own 48,000 t last year.
#RareEarths #NdFeB #Magnets #DFARS #CriticalMinerals #DefenseSupplyChain #Recycling #SupplyChain
The disparity between the current #mka mcap against the TAM just became even more preposterous. At this level they are a sitting duck.
HyProMag USA pre-feasibility study outlines future options to quadruple capacity, indicating incremental NPV of US$1.85 - 2.06 billion. This is in addition to US$723m for the first Texas plant - commissioning expected in mid-2028, with initial magnet finishing in 2027
#RareEarths #MKA @CMA_Minerals @REIA_global @unibirmingham @EITRawMaterials #CRMA @Share_Talk @DFCgov tools.euroland.com/tools/Pre…
Very depressing. How low can this country sink. They died for this moron. Get a grip #Wetherspoons.
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An #SNDA top up at 1.4947p for me this morning on the back of their very strong new presentation.
wp-sunda-energy-2024.s3.eu-w…
#MKA
The macro for #REE magnets on full display.
"The Pentagon buys 15% of #MP, and they tell Jim, we now need a building 10x bigger, and we need it immediately, magnets for the Pentagon."
MP Materials sits on what Ross Perot Jr. calls "the Saudi Arabia of rare earth" in California. Jim Litinsky bought the company out of bankruptcy and wanted to start making magnets too.
Ross brought him to Alliance in Fort Worth, and at the groundbreaking for the first magnet facility, Jim told him:
"Ross, I can't believe it. It took me three weeks to get the air quality permit in Fort Worth. It had taken me over two years in California."
Then the Pentagon bought 15% of MP Materials and asked Jim for a magnet plant 10 times bigger, right away.
"So now we're building a $1.2 billion building for Jim."
#MKA
It's only when you see the shorting stats across many US rare earth sector stocks that the pricing disconnect makes sense.
The Great Rare Earth Disconnect: Prices Up 23%, Miners Down 28% zerohedge.com/commodities/gr…
#MKA
MP Materials short position showing 36.62m shares representing 25.37% of the float, and USAR 45.17m shares totalling 16.15%. No wonder the sector's up against it.
