Energy Fuels, Vulcan Elements Partner to Strengthen U.S. Rare Earth Magnet Supply Chain

Energy Fuels Inc. and Vulcan Elements have signed a Memorandum of Understanding (MOU) to develop a fully U.S.-based supply chain for rare earth permanent magnets, which they say reduces reliance on China for these critical materials. Under the agreement, Lakewood-based Energy Fuels will begin supplying high-purity neodymium-praseodymium (NdPr) and dysprosium (Dy) oxides to Vulcan in...