- China currently commands approximately 90% of rare earth metals, alloys, and permanent magnets, along with 85% of the world’s rare earth oxides
- This dominance has seen Beijing demonstrate a willingness to leverage it in pursuit of political objectives
- Countries have resorted to looking elsewhere for the supply of rare earths, and Ucore is building to satisfy that demand in North America
- Its recent announcement of a $75 million investment in CapEx over the next four years reflects the company’s understanding of the North American REE market and the value that the investment will create for its shareholders
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company with a vision and plan to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry, is doubling down on its North American operations, in light of a gradual but important shift away from Beijing’s influence over the global rare earth industry.
The move is in response to China’s current global rare earth supply chain dominance, which has seen Beijing demonstrate a willingness to leverage this in pursuit of political objectives. This level of dependence has seen nations such as Japan, the United States, and Europe struggle to afford…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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