American Resources’ ReElement signs MOU with POSCO International

American Resources (AREC)’ ReElement Technologies signed a memorandum of understanding with POSCO International. The agreement aims to strengthen the rare-earth supply chain and explore cooperation on establishing an integrated rare-earth and permanent-magnet production complex in the United States. The planned Integrated Rare Earth and Permanent Magnet Production Complex would be the first U.S. facility to achieve full vertical integration of rare-earth and permanent-magnet production within an integrated industrial complex. It is designed to manage every stage-from securing rare-earth raw materials and conducting separation and refining, to manufacturing permanent magnets and recycling manufacturing scrap and end-of-life magnets-all within one facility. Under the partnership, POSCO International will oversee sourcing of rare-earth intermediate materials and the permanent-magnet business, while ReElement will provide advanced separation, refining, and recycling technology. The governments of Korea and the United States also discussed potential policy, financial, and regulatory support should the project move into full-scale implementation.