US-Based Energy Fuels and South Korea-Based POSCO International Forge Collaboration to Create Non-China Rare Earth Magnet Supply Chain
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Energy Fuels Inc. and POSCO International have signed a Memorandum of Understanding to create a non-China rare earth magnet supply chain. This collaboration aims to link Energy Fuels' U.S. rare earth oxide production with POSCO's expertise in traction motor cores for EVs and hybrid EVs.
March 17, 2025 | 11:15 am
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Energy Fuels Inc. has signed an MOU with POSCO International to develop a non-China rare earth magnet supply chain, potentially boosting its rare earth oxide production and market position.
The partnership with POSCO International could significantly enhance Energy Fuels' market position by establishing a rare earth supply chain independent of China, which is crucial for the EV market. This strategic move is likely to positively impact Energy Fuels' stock in the short term.
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