USA Rare Earth subsidiary establishes partnership with Solvay

USA Rare Earth (USAR) announced that its wholly owned subsidiary, Less Common Metals, has established a strategic partnership with Solvay, a multinational chemical company, to supply rare earth metals to Permag, a leader in high-precision magnets and magnetic assemblies. This partnership will ensure a resilient, secure supply of Samarium material for the European market and Permag’s global customer base. Under the agreement, LCM will leverage its metallization expertise to produce Samarium materials using oxides concentrated and separated by Solvay. Samarium is a critical input for high-performance magnets and assemblies essential to advanced manufacturing, defense, and clean-energy technologies. The collaboration will enable Permag to meet rising demand for Samarium magnets over the next three to five years.