REalloys, Ramaco Resources sign MoU to support U.S. rare earth supply chain expansion
The US is actively seeking to onshore critical mineral supply chains, particularly rare earths, to reduce dependence on foreign sources amidst growing geopolitical tensions.
This collaboration strengthens domestic rare earth processing capabilities, crucial for various advanced industries and national security.
The agreement provides a pathway for increased domestic rare earth production, moving from extraction towards refining and component manufacturing.
- · REalloys
- · Ramaco Resources
- · US domestic manufacturing
- · US national security
- · Foreign rare earth suppliers
Increased investment in US rare earth processing infrastructure will likely follow.
Greater availability of domestically sourced rare earths could stimulate adjacent high-tech industries within the US.
This could serve as a blueprint for the onshoring of other critical mineral supply chains, further diversifying and strengthening the US industrial base.
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Read at Seeking Alpha — Tech