Sustainable and secure supply chain
Search documents
USA Rare Earth Subsidiary Less Common Metals and Solvay Sign Strategic Agreement to Provide Permag Secure, Stable Supply of Rare Earth Metals
Globenewswireยท 2025-11-20 12:01
Core Insights - USA Rare Earth, Inc. has formed a strategic partnership with Solvay to supply rare earth metals to Permag, enhancing the supply chain for high-precision magnets [1][2] - The partnership aims to secure a resilient supply of Samarium materials for the European market, addressing the rising demand for Samarium magnets over the next three to five years [2][3] - The acquisition of Less Common Metals (LCM) by USA Rare Earth was completed on November 18, 2025, positioning LCM to support USAR's magnet manufacturing facility in Stillwater, Oklahoma, which is set to commence operations in the first quarter of 2026 [3][4] Company Overview - USA Rare Earth is developing a rare earth sintered neo magnet manufacturing plant in Stillwater, Oklahoma, with plans to establish domestic supply, extraction, and processing capabilities for rare earth materials [4] - The company aims to serve various industries, including defense, automotive, aviation, industrial, AI robotics, medical, and consumer electronics, by providing high-quality neo magnets [4] - USA Rare Earth's focus on domestic rare earth production aligns with national priorities, offering the potential for a sustainable and secure supply of critical materials [4]