With China currently being the worlds largest manufacturer of rare earth products, what locales and opportunities exist for a North American facility?
China is now supplying up to 98% of the world’s rare earth (RE) materials. RE materials have a thousand uses, so the greatest opportunity is in having a second source for these materials. The West is now in a position where, as the Chinese become their own best customer of RE products, the supply of this material is now increasingly diminishing, and we imagine it will only become more rare with time. If users of these materials want an assured supply for the future, a non-Chinese source will become not only wanted but an absolute necessity.
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