ReElement, Vulcan Elements partner for rare earth magnet supply chain

American Resources’ ReElement Technologies has signed a Memorandum of Understanding with US-based magnet manufacturer Vulcan Elements. This MOU initiates a Joint Development Agreement and Operating Agreement aimed at establishing a fully domestic and allied nation supply chain for rare earth permanent magnets. This collaboration will integrate ReElement’s efficient magnet recycling and rare earth ore refining processes into Vulcan Elements’ fully domestic rare earth magnet manufacturing. ReElement will provide Vulcan with both magnet-grade heavy and light rare earth elements essential in high-performance permanent magnets, while also recycling any magnet manufacturing scrap to re-enter the manufacturing process. In addition to providing magnet-grade rare earth elements to Vulcan’s magnet manufacturing and recycling scrap material, the companies will also assess potential sites to co-locate facilities, aiming to enhance efficiencies and synergies within the magnet supply chain.