Analysis of Vulcan Elements and Ucore Join Forces to Build Domestic Rare Earth Magnet Supply Chain on U.S. Soil—Securing American Magnet Independence - aVenture Research
Vulcan Elements
Vulcan Elements and Ucore Join Forces to Build Domestic Rare Earth Magnet Supply Chain on U.S. Soil—Securing American Magnet Independence
Durham, North Carolina – Vulcan Elements today announced the execution of a Memorandum of Understanding with Ucore Rare Metals Inc. (“Ucore”) to collaborate on the development of a domestic rare earth magnet supply chain for defense and commercial applications. Under the agreement, the parties intend to finalize a full commercial supply partnership whereby Ucore would supply Vulcan with NdPr oxide and Dy oxides at commercial scale beginning in 2027.
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