Blockchain Registration Transaction Record

Critical Metals Corp and Ucore Partner to Challenge China's Rare Earth Dominance

Critical Metals Corp signs offtake deal with Ucore for rare earth supply from Greenland's Tanbreez project, challenging China's dominance in critical minerals essential for clean energy and defense technologies.

This partnership directly addresses the critical vulnerability in Western supply chains for rare earth elements, which are essential for modern technologies including electric vehicles, wind turbines, defense systems, and consumer electronics. With China currently controlling over 80% of global rare earth production and processing, this collaboration represents a strategic move to establish reliable North American sources for these vital materials. For consumers and industries, this means reduced supply chain risks, greater technological independence, and strengthened national security. The involvement of U.S. Department of Defense support underscores the strategic importance of developing domestic rare earth capabilities, which could lead to more stable pricing and supply for manufacturers while reducing geopolitical dependencies that have previously led to supply disruptions and price volatility.