US rare earth market potential, page-257

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bluesamurai

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01/06/24

12:41

Post #: 74117158
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Originally posted by bluesamurai: ↑

Rare earth permanent magnets are not only essential components in a range of defense capabilities, including the F-35 Lightning II aircraft, Virginia and Columbia class submarines and unmanned aerial vehicles, but also a critical part of commercial applications in the United States. They are also used to generate electricity for electronic systems in aircraft and focus microwave energy in radar systems.  Since 2020, DOD has awarded more than $439 million to establish domestic rare earth element supply chains. This includes separating and refining rare earth elements mined in the U.S., as well as developing downstream stateside processes needed to convert those refined materials into metals and then magnets.  "DOD's strategic investments are building capability at multiple stages of the rare earth supply chain and will provide a clear signal to private capital that the time is right to build additional resiliency," said Danielle Miller, acting deputy assistant secretary of defense for industrial base resilience. "We are on track to meet our goal of a sustainable, mine-to-magnet supply chain capable of supporting all U.S. defense requirements by 2027."  QUOTE ARR was involved early in building awareness of its capabilities with Federal and State Governments that inspected the La Paz site some years ago. Since that time the company has achieved a rapid growth in resources and seen headway in processing technologies that will play a major role in gaining the grants being awarded. In the crucial election cycle ahead both parties will be trying to gain votes in valuable State seats . ARR will end up a recipient of these grants in some form large or small looking forward to announcements ahead IMO

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https://www.defense.gov/News/News-Stories/Article/Article/3700059/dod-looks-to-establish-mine-to-magnet-supply-chain-for-rare-earth-materials/
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First 257 Last

US rare earth market potential, page-257

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US rare earth market potential, page-257

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