America Produces Less Than 1% of the Rare Earth Magnets It Needs

S. civilian economy that depends on permanent magnets. The Pentagon has spent years preparing for life without Chinese rare earths, but the civilian economy hasn't. S. 5 trillion of downstream industrial production outside China at risk. S. Government Accountability Office. The civilian economy is quite a different story, and its dependence is matched by an equally stark supply gap.

Reuters reported that the United States consumed about 48,000 tonnes of rare earth permanent magnets in 2025 but produced only about 300 tonnes domestically. If Beijing ever banned exports in totality, automakers, industrial equipment manufacturers, robotics companies, electronics producers, data centers and medical device manufacturers would all be competing for the same limited domestic supply.

That leaves a simple question who is building enough capacity to help replace China REalloys NASDAQ ALOY is attempting one of the industry's most ambitious answers, constructing what it says will become the largest heavy rare earth metallization facility outside China and the Western Hemisphere's first commercial-scale heavy rare earth metallization platform. Building For A World Without China Heavy rare earth supply chains take years to assemble, which explains the pace of REalloys' dealmaking over the past two years.

REalloys secured long-term access to separated heavy rare earth feedstock through an exclusive commercial agreement with the Saskatchewan Research Council SRC, followed by a 15-year definitive offtake agreement covering 15% of Phase 1 production from Critical Metals' Tanbreez Project in Greenland, one of the world's largest rare earth deposits outside China. Additional agreements in Brazil, Montana, Wyoming and Kazakhstan expanded that supply network across multiple allied jurisdictions.