{"id":239926,"date":"2025-03-22T10:33:00","date_gmt":"2025-03-22T14:33:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=239926"},"modified":"2025-03-20T16:43:46","modified_gmt":"2025-03-20T20:43:46","slug":"energy-fuels-and-posco-international-to-strengthen-rare-earth-supply-chain-outside-china","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/energy-fuels-and-posco-international-to-strengthen-rare-earth-supply-chain-outside-china\/","title":{"rendered":"Energy Fuels and POSCO International to strengthen rare earth supply chain outside China"},"content":{"rendered":"\n

US-based strategic minerals specialist Energy Fuels<\/strong> and South Korean automotive giant POSCO International<\/strong> have signed a Memorandum of Understanding ( MOU<\/em> ) to establish a rare earth ( REE<\/em> ) supply chain outside of China.<\/p>\n\n

Independence in the rare earth supply chain<\/h2>\n\n

China currently dominates the global market for processing and refining rare earths, which are critical to the technology and mobility industries. Under this agreement, Energy Fuels<\/em> plans to supply refined neodymium praseodymium<\/strong> ( NdPr<\/em> ) oxides at its White Mesa plant in Utah, while POSCO International<\/em> will handle final processing and production of REE magnets for automakers in the United States, Europe, South Korea, and Japan. <\/p>\n\n

The company has sent initial samples of NdPr oxides<\/a><\/strong> to POSCO, which meet the required quality standards. In the coming months, the company will send a larger sample for validation. If confirmed viable, mass production of these magnets is expected to supply more than 30,000 electric vehicles before the end of the year. <\/p>\n\n

Furthermore, the agreement provides for the possibility of long-term supply<\/strong> , ensuring the availability of critical materials for the automotive industry without relying on the Chinese market. According to Mark Chalmers, CEO of Energy Fuels, this is a fundamental step toward strengthening the security of rare earth supply in the West. <\/p>\n\n

To ensure the supply of raw materials, Energy Fuels has diversified its acquisition portfolio, securing high-grade monazite concentrates from various regions around the world. Key projects include: <\/p>\n\n