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US govt partners with two local firms to scale domestic rare earth magnet production

Jingyue Hsiao, DIGITIMES Asia, Taipei Tuesday 4 November 2025 0

Credit: AFP

Vulcan Elements and ReElement Technologies announced a US$1.4 billion partnership with the US government to scale a fully domestic rare earth magnet supply chain. The agreement includes the construction of a 10,000-metric-ton magnet production facility...

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