SMM Breaking: US Rare Earth Company Inks Production Deal with StudBuddy for Rare Earth Magnets

【SMM Breaking News: US Rare Earth Company Reaches Rare Earth Production Agreement with StudBuddy】US Rare Earth Company has reached an agreement with StudBuddy to produce rare earth magnets in the US. The two parties are discussing a multi-year supply agreement, under which US Rare Earth Company will provide approximately 20 mt/year of sintered NdFeB magnet products.

To achieve a vertically integrated supply chain for rare earth magnet production, US Rare Earth Company is constructing a 310,000-square-foot sintered new magnet manufacturing facility in Stillwater, Oklahoma.

In March this year, US Rare Earth Company launched an advanced innovation laboratory at its manufacturing facility in Stillwater and is expected to begin prototyping new-type magnets in Q2.