Rare Earths Americas Engages Hatch for Alpha Project Amid Supply Race

By EC Assets · Published

Rare Earths Americas CEO has commented on the intensifying competition to secure rare earth supplies outside of China. This comes as REalloys (ALOY) signed an agreement with permanent magnet manufacturer JS Link. The collaboration aims to develop rare earth magnets. Rare Earths Americas, Inc. (REA) has also awarded an Initial Assessment (IA) contract for its Alpha project. Hatch received this contract. This project is located in Manchester, Georgia. South America holds approximately 60% of the world's lithium reserves. The continent also possesses significant supplies of copper and rare earth deposits. The intensifying race to secure critical minerals highlights the global demand. This focus on alternative supply chains reflects an effort to diversify sources for essential materials. These include rare earths and other minerals used in various technologies. Securing such supplies outside of traditional dominant producers is a strategic objective. Upcoming developments related to the Alpha project's Initial Assessment will be closely watched. Further agreements between companies like REalloys and permanent magnet manufacturers also bear significance. This article is intended for informational purposes only. It does not constitute investment advice.

Stay informed

Market commentary, firm news and research from EC Assets - direct to your inbox.