American Resources Corporation's ReElement Technologies and USA Rare Earth Magnets Sign MOU for Offtake to Establish First Fully Domestic Supply Chain for Rare Earth Magnet Manufacturing

SourceYahoo Finance
Date Published09/22/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name American Resources Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:Both
City reshored to:Stillwater
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrecycled, high-purity rare earth oxides
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Raw Materials Cost
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