The United States was the world leader in rare earth element production from the mid-1960s to the mid-1980s, producing about three times more rare earth elements than the rest of the world combined – mostly from a single US rare earth mine in California.
In the early-1990s, China began to strategically exploit its large supplies of rare earth elements, and without the strict labor laws and environmental regulations found in the United States, quickly began to satisfy the world demand at a fraction of the cost of US production.
By the early 2000s China produced 97% of the world’s rare earth elements, and in September 2010, a maritime dispute between Japan and China quickly alerted the Western world on just how dependent it had become on China for these critical metals.
Since 2009, Ucore has been focused on re-building a modern US rare earth element supply chain. Investing over $50 million to establish an advanced heavy rare earth element mineral resource at Bokan Mountain, Alaska and on internal research, development and acquisition of best-in-class technology for critical metals separation towards the development of the first modern rare earth oxide production facility in the United States.
Ucore… American critical metals independence starts here.