Sep. 5 at 8:54 AM
$UUUU Globally, only three entities produce high‑performance NdFeB magnets: China, Japan, and VAC. Japan operates two magnet plants, but nearly all production is reserved for its own automotive OEMs, leaving little capacity for export. This is why major OEMs in the U.S., Korea, and Europe are urgently seeking alternative, reliable suppliers. VAC, which Energy Fuels is acquiring, is the only major Western producer with true export capability, operating four magnet plants in South Carolina, Germany, Finland, and Slovakia. When combined with White Mesa’s rare‑earth oxides and ASM’s metals and alloys, Energy Fuels becomes the only mine‑to‑magnet supplier in the Western Hemisphere. This integrated chain directly supports national‑security needs and the 2027 U.S. requirement for domestically sourced magnets. Competitors are attempting to build similar capability, but Curtis Moore notes they are “far behind,” and duplicating VAC’s South Carolina plant is “impossible.”
