The project will focus on USA Rare Earth's planned feedstocks, including material from its Round Top mine, mixed rare earth carbonates, and recycled magnet-manufacturing swarf.
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Analyst Laurence Alexander's team sees USAR building a fully vertically integrated, ex-China "mine-to-magnet" rare earth platform spanning mining, processing, metal-making, and magnet manufacturing across the U.S., UK, France, and Brazil.
