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ReElement and POSCO International America partner to produce over 3,000 metric tons of key rare earths in the U.S. by 2030.
ReElement Technologies, a U.S. rare earth company, has signed a long-term offtake agreement with POSCO International America to boost domestic rare earth refining.
The partnership will source feedstock including recycled magnets and ore, targeting over 3,000 metric tons of purified rare earth oxides—dysprosium, yttrium, terbium, and neodymium-praseodymium—by 2030.
Using ReElement’s chromatographic technology and POSCO’s expertise, they will develop U.S.-based refining capacity to support defense, clean energy, electric vehicles, and advanced tech like AI and semiconductors.
The deal strengthens U.S.-South Korea cooperation and reduces reliance on foreign processing.
ReElement y POSCO International America se asocian para producir más de 3.000 toneladas métricas de tierras raras clave en los EE.UU. para el año 2030.