American Resources’ ReElement, POSCO sign long-term commercial offtake agreement

American Resources (AREC)’ ReElement Technologies signed a long-term offtake partnership with POSCO International America. The partnership will combine ReElement’s advanced chromatographic separation and purification platform with POSCO’s extensive relationships throughout the automotive and industrial supply chain while leveraging POSCO’s expertise in materials science and large-scale industrial deployment. This agreement reflects both companies’ commitment to a sustainable and secure supply chain for high-purity rare earth elements critical to defense, clean energy, and high-growth markets such as electric vehicles, AI, and advanced semiconductors. Highlights of the partnership include: Establishment of a joint taskforce to secure global feedstock streams, including mixed rare earth concentrate, magnet manufacturing waste and end-of-life scrap magnets Initial targeted offtake of purified separated rare earth oxides including Dy, Y, Tb and NdPr in volumes scaling to over 3,000 metric tons through 2030; Co-development of rare earth refining capabilities in the United States; Leveraging ReElement’s modular and scalable refining technology to increase efficiency and reduce environmental impact; Supporting secure, resilient, and sustainable supply chains for U.S. and allied nations