On Nov. 18, American mining company USA Rare Earth (USAR) completed the acquisition of Less Common Metals (LCM), a scaled-up ex-China rare-earth metal and alloy manufacturer. This purchase largely aligned with USAR’s strategy of creating a fully integrated, end-to-end rare-earth supply chain.
A few days later, USAR announced that LCM has established a strategic partnership with chemical company Solvay to supply rare-earth metals to Permag, a leading magnetic equipment manufacturer.
