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Business/Financial

USA Rare Earth Closes Domestic Supply Chain With Acquisition Of Manufacturing Capability

By Cal Biesecker

Tuesday, April 7th, 2020

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USA Rare Earth Closes Domestic Supply Chain With Acquisition Of Manufacturing Capability

Round Top Mountain in Texas contains the largest deposit of rare earth minerals in the U.S. Photo: USA Rare Earth

USA Rare Earth, LLC, which is providing funding and development of a rare earth mineral site in Texas, has acquired a domestic manufacturing capability to allow it and its partners to mine, process and produce rare earth magnets and related materials in the U.S., thereby reducing dependency on China for the supply of these critical materials that are used in high-technology products. USA Rare Earth said on Tuesday it has acquired from Hitachi Metals America Ltd., the neodymium iron boron…

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