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Energy Fuels Establishes US Mine-to-Magnet Rare Earth Supply Chain for EVs

Energy Fuels achieves breakthrough in US rare earth supply chain, producing magnets for EV motors from domestic sources, reducing China dependence in critical minerals market.

This development matters because it represents a critical step toward reducing Western dependence on Chinese rare earth elements, which are essential for electric vehicles, wind turbines, and defense technologies. China currently dominates over 80% of global rare earth production, creating significant supply chain vulnerabilities. By establishing a domestic mine-to-magnet supply chain, Energy Fuels helps secure materials vital for the clean energy transition while supporting national security interests. For consumers, this means more stable pricing and supply for electric vehicles and renewable energy technologies, while investors gain exposure to a company positioned at the forefront of critical mineral independence. The timing is particularly crucial as global EV adoption accelerates and nations seek to diversify supply chains away from geopolitical risks.