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Automotive industry

Energy Fuels Achieves Breakthrough in Rare Earth Magnet Supply Chain

Strategic Insights

— 1 min read

Energy Fuels, a leading US-based energy company, has achieved a significant milestone in building a mine-to-magnet supply chain for rare earth permanent magnets (REPMs) used in electric vehicles and hybrid vehicles. After successfully processing high-purity neodymium-praseodymium (NdPr) oxide at its White Mesa Mill in Utah, the company's NdPr oxide has been manufactured into commercial-scale REPMs by a leading South Korean automotive supplier. This development marks a decisive breakthrough in creating a domestic supply chain for REPMs, reducing reliance on Chinese imports.

Key Takeaways:

  • Energy Fuels' high-purity NdPr oxide, mined in Florida and Georgia and processed in Utah, has been used to manufacture commercial-scale REPMs for electric vehicles and hybrid vehicles.
  • The successful production of REPMs from Energy Fuels' NdPr oxide marks a decisive breakthrough in building a mine-to-magnet supply chain independent of China.
  • Energy Fuels' NdPr oxide has been qualified for use in high-temperature drive units, which are installed in vehicles manufactured by major automotive companies in North America, the EU, Japan, and Korea.
  • The company's White Mesa Mill is now licensed to produce high-purity rare earth oxides from monazite concentrates mined in the US, providing a domestic source of critical minerals.
  • Energy Fuels plans to construct 'heavy' rare earth oxide capacity in 2026 at its White Mesa Mill, further expanding its capabilities in the rare earth elements market.
  • The company's 1.2 metric tonnes of NdPr oxide supplied earlier this year was processed into approximately 3.0 metric tonnes of REPMs, enough to power approximately 1,500 new electric and hybrid electric vehicles.

Statistics:

  • 1,500 new electric and hybrid electric vehicles are expected to be powered with REPMs made from Energy Fuels' NdPr oxide.
  • 3.0 metric tonnes of REPMs were produced from Energy Fuels' 1.2 metric tonnes of NdPr oxide, representing a 150% increase in output.
  • The company has received 25 kilograms of 45H-grade NdFeB sintered block alloys as a testament to this landmark achievement.
  • 45H-grade NdFeB sintered block alloys have a high magnetic field strength and are used in the production of high-performance motors.

Sources:

  • Energy Fuels Inc.
  • PR Newswire (September 9, 2025)
  • Energy Fuels Inc. (Form 10-K) annual report filed with the SEC (latest available)

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