Materials/Manufacturing

Magnets for Army Drones Mark 10th American Military Contract for Vulcan Elements

DURHAM, N.C., September 23, 2026 – Marking its tenth U.S. Department of War contract, Vulcan Elements announced its competitive selection by the U.S. Army to supply high-performance neodymium iron boron magnets for the Army’s drone initiative to produce small unmanned aircraft systems. The initiative is the Army’s vertically-integrated effort to produce small drones that aims to produce one million drones per year in the United States, at the Tobyhanna Army Depot in Pennsylvania. […]

Materials/Manufacturing

MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company, Maaden, to Develop Rare Earth Refinery Joint Venture

MP Materials Corp. announced it has partnered with the U.S. Department of War to establish a strategic joint venture with the Saudi Arabian Mining Company, Maaden, Saudi Arabia’s flagship mining company, to develop a rare earth refinery in the Kingdom. […]