Ucore Rare Metals partners with Sumitomo to develop North American rare earth supply chain

  • Ucore Rare Metals entered a strategic cooperation framework with Sumitomo Corporation of Americas to build a diversified rare earth supply chain.
  • Collaboration targets feedstock sourcing for Ucore’s Louisiana Strategic Metals Complex, supporting planned rare earth separation capacity in the US.
  • Parties also plan downstream offtake development for separated rare earth products, including selected middle and heavy elements used in magnets.
  • Canada highlighted the Ucore-Sumitomo collaboration at the 2026 G7 Leaders’ Summit as part of new critical minerals partnerships.
  • G7 declaration set a goal to cut reliance on a single non-partner supplier for rare earths and permanent magnets to under 60% by 2030.


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