Energy Fuels (UUUU) announced that its high purity dysprosium oxide has passed all initial purity and quality assurance and quality control benchmarks of a South Korean automotive manufacturer for downstream rare earth permanent magnet production. Dy oxide is an additive in neodymium-iron-boron REPMs that improves durability and magnetic performance and is used to power electric vehicles, hybrid EVs, advanced robotics, and other automotive and commercial applications. Dy oxide is also key to the manufacture of REPMs used in several crucial defense systems, including drones, missiles, jet engines, and guidance systems, as well as in control rods for Naval reactors.
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