Mentioned:
The future of domestic rare earth magnet production might be being built in Oklahoma. But, why?
What’s happening:
- USA Rare Earth (NASDAQ: USAR) has officially commissioned its advanced Innovation Lab at their rare earth sintered neo magnet manufacturing facility located in Stillwater, Oklahoma
Why it matters:
- USA Rare Earth’s Innovation Lab is purpose built to replicate the entire production process for magnets and enable rapid prototyping
Going deeper:
- USA Rare Earth’s manufacturing facility in Oklahoma is focused on being one of the largest rare earth, sintered neo magnet production facilities in the United States of America
- Domestic sources of rare earth elements and magnet production has been coming into major focus recently following the Chinese government making political waves by restricting the exportation of certain rare earth elements
The intrigue:
- USA Rare Earth also owns the mining rights to the Round Top Mountain project in West Texas, which is a highly significant deposit of both rare earth elements and critical minerals
