Tuesday, 02 January 2024 12:17 GMT

Advances In Domestic Heavy Rare Earth Minerals Production Essential For North American Defense Stockpiles


(MENAFN- Investor Brand Network) MiningNewsWire Editorial Coverage: Rare earth metallization sits deep in the industrial stack, but it is one of the steps that determines whether advanced manufacturing can actually function at scale. China's dominance over rare earth refining, metallization and magnet production has left automakers, electronics manufacturers, robotics developers, defense contractors and data-center-adjacent industrial supply chains exposed to a single concentrated source. That exposure helps explain why companies such as REalloys (NASDAQ: ALOY) (Profile ) are drawing attention – The company is working to rebuild a North American mine-to-magnet platform that links feedstock, processing, metallization and magnet manufacturing, with operations centered in Ohio and upstream and midstream partnerships in Saskatchewan, Canada. These efforts will go far to support leading companies such as Micron Technology Inc. Advanced Micro Devices Inc. International Business Machines Corporation Oracle Corporation Meta Platforms Inc.

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