US EditionUS Govt to Become Shareholder in Rare Earths Processing Firm Vulcan Elements
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US govt to become shareholder in rare earths processing firm Vulcan Elements
America is taking a significant step to boost its own rare earth processing capabilities. The US government will become a shareholder in Vulcan Elements, a North Carolina-based startup. This partnership involves substantial government funding through loans and grants. The move aims to strengthen America's supply chain and reduce reliance on China for these critical minerals.
The U.S. government will become a shareholder in the start-up Vulcan Elements, which specializes in rare-earth transformation, the company reported Monday, in a Washington attempt to reduce its dependence on China to obtain these metals.
Durham's young company manufactures powerful magnets for the industry. The post Terres Rares: the US government will become a shareholder of Vulcan Elements appeared first on Les Affaires.
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