American Resources Corporation's ReElement Technologies and POSCO International Come Together to Develop a Sustainable Rare Earth Element and Magnet Supply Chain
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American Resources Corporation's subsidiary, ReElement Technologies, has signed an MOU with POSCO International to develop a sustainable supply chain for rare earth elements and magnets. ReElement will use its technology for recycling and refining to support POSCO's magnet manufacturing.
November 21, 2024 | 1:45 pm
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American Resources Corporation's ReElement Technologies has entered into a partnership with POSCO International to develop a sustainable supply chain for rare earth elements and magnets. This could enhance AREC's market position in the rare earth sector.
The partnership with POSCO International is likely to enhance American Resources' capabilities in the rare earth market, potentially increasing demand for its services and technology. This could positively impact AREC's stock price in the short term.
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