Name: US Company Produces Critical Rare Earth Material Domestically, First Quantity in Decades
Uploaded: 2026-03-27T14:04:12.000Z
Description: The achievement will provide a reliable source for magnets used in electric vehicles, drones, and defense technologies.

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Mining company Energy Fuels announced on March 25 that it had successfully produced its first kilogram of terbium oxide at its <a href="https://investors.energyfuels.com/2026-03-25-Energy-Fuels-Announces-First-U-S-Primary-Production-of-Critical-Heavy-Rare-Earth-Material-in-Decades">Utah project</a>, becoming the first U.S. company to produce the compound domestically in decades.

CEO Mark Chalmers said the achievement will provide a reliable source for magnets used in electric vehicles, drones, and defense technologies.

The company’s mill is expected to continue producing about one kilogram of terbium oxide each week.

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US Company Produces Critical Rare Earth Material Domestically, First Quantity in Decades

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