U.S. Advances Toward Domestic Rare Earth Magnet Production
REalloys (NASDAQ: ALOY) has signed a strategic agreement with JS Link to develop one of the first fully integrated rare earth magnet platforms in North America, aiming to reduce reliance on China's dominant supply chain for permanent magnets used in critical technologies. The collaboration includes feedstock processing, separation, metallization, and final magnet manufacturing under a single industrial strategy. This move aligns with broader U.S. efforts led by the Department of Defense to establish domestic rare earth production ahead of its 2027 ban on Chinese-origin magnets. The agreement builds upon REalloys' recent selection for exclusive negotiations with the U.S. Army at Tooele Army Depot in Utah, where it will develop heavy rare earth processing facilities. The company has also invested $20.6 million to expand a rare earth processing facility in Saskatchewan and is funding metallization operations that are expected to produce high-purity dysprosium and terbium metals by late 2026.
Tickers: $ALOY
Topics: China Dependency Rare Earth Magnets Supply Chain Resilience U.S. Defense Strategy