Today, the United States has no commercial-scale domestic magnet manufacturing. USA Rare Earth is building the solution — a fully integrated, global rare earth value chain with scaled production outside Asia and magnet manufacturing anchored in the United States, from mine to magnet — and beyond.
Our Strategic Imperative
To lead the future of the global rare earth value chain
A message from our CEO
We have assembled the capabilities needed to compete across the rare-earth value chain across multiple countries. Our immediate priority is to bring these businesses together, establish clear accountability and execute reliably for customers. A relentless focus on execution will be central to delivering value for our investors, customers, government partners and host communities.
Thras Moraitis
Chief Executive Officer
what’s at stake
92% of the world’s rare earth permanent magnets are manufactured in one country: China. Almost zero are manufactured in the United States.
This is not a future risk. It is a current vulnerability. Every MRI machine, every data center, and every precision-guided munition — all depend on materials controlled by China.
SUPPLY CHAIN RISK
Supply chain concentration: China’s rare earth dominance
China controls every stage of the rare earth supply chain.
By January 2027, the Department of Defense will be prohibited from procuring rare earth magnets sourced from China, Russia, North Korea, or Iran under DFARS Section 225.7018.
The Way Forward
Building Global Capacity
The scale of the challenge — and the response
Average Run of Mine TREO Production at Serra Verde
6,400 TPA
Rare Earth Magnet TAM by 2035
~$19B
U.S. Department of Commerce Letter of Intent for funding via CHIPS and Science Act
$1.6B
Strip cast capacity at full scale
27,500 TPA
Sintered NdFeB magnet capacity at full scale
~10,000 TPA
Initial production line capacity (Line 1a commissioning Q1 2026)
~1,200 TPA
