American Rare Earths Starts Magnet Production in Oklahoma, Aims for 600 mt/year by December

Published: Apr 1, 2026 09:59

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[SMM Rare Earth Bulletin] American Rare Earths announced that the first rare earth magnet production line at its Stillwater, Oklahoma facility had been put into operation, with commercial shipments to begin in April, and it was expected to reach full capacity of 600 mt per year by the end of December. The company said the plant's capacity would increase to 1,200 mt/year by 2027. In January this year, American Rare Earths signed a non-binding agreement with the US Department of Commerce for $1.6 billion in funding support to build a mine to supply raw material for magnet production.

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