USA Rare Earth, Inc. announced the completion of its acquisition of Less Common Metals Ltd.
LCM is a leading rare earth metal and alloy manufacturer outside China with expertise in Samarium, Samarium Cobalt, and Neodymium Praseodymium metals.
The acquisition marks a significant step in USAR's strategy to establish a comprehensive rare earth supply chain.
Strategic Relationships Expansion
LCM brings a strong network of customers, government relationships, and partnerships globally.
Rare Earth Metal Capabilities
The acquisition secures access to high-quality NdPr alloys critical for magnet production.
Structural Advantages
USAR gains an edge in the magnet industry with control over critical inputs and lower-cost supply.
Circular Manufacturing
LCM's recycling capabilities support a sustainable and cost-efficient supply chain for USAR.
- The acquisition of LCM enhances USAR's position in the rare earth industry outside China.
- It strengthens USAR's capabilities to meet increasing demand and supports the growth of its Oklahoma facility.
The acquisition of Less Common Metals by USA Rare Earth signifies a significant advancement towards establishing a resilient and independent rare earth supply chain.