Blockchain Registration Transaction Record

Ucore Secures Rare Earth Supply Deal to Challenge China's Dominance

Ucore Rare Metals signs deal for 10,000 tons of rare earth concentrate annually from 2027, reducing US reliance on China for critical materials used in EVs and defense tech.

This development matters because rare earth elements are fundamental to modern technology and national security, with China currently controlling approximately 80% of global supply. The reliance on Chinese rare earths creates significant geopolitical risks and supply chain vulnerabilities for Western nations. By establishing a North American supply chain for critical materials like dysprosium and terbium, this agreement supports the transition to clean energy technologies including electric vehicles and wind turbines while strengthening defense capabilities. For consumers, this means more stable pricing and reliable access to the technologies that power daily life, from smartphones to medical equipment. For national security, it reduces dependence on potentially hostile foreign suppliers for materials essential to military applications including guidance systems, communications equipment, and advanced weaponry.