Blockchain Registration Transaction Record

Ucore Advances Louisiana Rare Earth Hub with $15M Incentives

Ucore Rare Metals advances Louisiana Strategic Metals Complex with $15M incentives, strengthening US rare earth supply chain for EVs and defense technologies through Foreign Trade Zones.

This development matters because rare earth elements are essential components in electric vehicles, renewable energy systems, and advanced defense technologies, yet the United States currently relies heavily on foreign sources, primarily China. By establishing domestic processing capabilities in Louisiana, Ucore is helping to secure America's supply chain for these critical minerals, reducing geopolitical risks and supporting the transition to clean energy. The success of this facility could lead to greater energy independence, job creation in the advanced manufacturing sector, and strengthened national security by ensuring reliable access to materials vital for modern technology and defense systems.