Blockchain Registration Transaction Record

Ucore, Vulcan Partner to Build US Rare Earth Magnet Supply Chain

Ucore Rare Metals and Vulcan Elements sign MOU to create a North American rare earth magnet supply chain, targeting defense and commercial markets from 2027 onward.

This collaboration directly addresses a critical vulnerability in North American manufacturing and national security: dependence on China for rare earth elements (REEs) essential for defense systems, electric vehicles, renewable energy, and consumer electronics. By establishing a domestic supply chain for rare earth magnets, the partnership reduces geopolitical risks, supports job creation in the US and Canada, and enhances supply chain resilience. For industries and consumers, it means more stable pricing, reduced disruption risks, and accelerated innovation in clean energy and technology sectors. Strategically, it strengthens economic independence and technological leadership in a high-stakes global market.