Global Trade Alert
Global Trade Alert

United States of America: DOD provides funding to support the production of rare earth permanent magnets

Announcement

19 Sep 2023

In September 2023, the U.S. Department of Defense announced funding to expand domestic production of rare earth magnets.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Sep 2023

Revocation date:

No revocation date

Updated: 19 Sep 2023
State aid, unspecified In force

On 19 September 2023, the U.S. Department of Defense (DOD) awarded E-VAC Magnetics LLC a USD 94.1 million contract to expand the rare earth permanent magnet production capacity. The announcement di...

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