05/29/2026
A Major Step Toward an Integrated Allied Rare Earth Supply Chain
◆ ReElement Technologies has formed a joint venture with Posco International Corporation to develop integrated rare earth element and permanent magnet production in the United States.
◆ The $200 million joint venture is designed to support an end-to-end rare earth supply chain, from feedstock sourcing and high-purity separation and refining to metalization and permanent magnet manufacturing.
◆ For POSCO International, the partnership supports its strategy to expand its role in future-facing materials and strengthen supply chains serving automotive, industrial, energy and advanced technology markets.
◆ As Kye-In Lee, President and CEO of POSCO International, said in the announcement, “POSCO International's global supply chain capabilities and ReElement's innovative refining technology are highly complementary and bring out the best in each other.”
◆ For ReElement, this joint venture reinforces the growing need for scalable domestic and allied refining capacity for light and heavy rare earths and other essential critical minerals.
◆ As Mark Jensen, CEO of ReElement Technologies, noted in the announcement, “This is about building “a new model” that is modular, scalable and aligned with the needs of domestic and allied markets."
Read the full announcement here:
https://www.accessnewswire.com/newsroom/en/metals-and-mining/reelement-technologies-and-posco-international-form-joint-venture-to-develop-inte-1169900