M&A: USA Rare Earth acquires rare earth permanent magnet manufacturing capability from Hitachi

Acquisition, divestment & Spinoff

Company aims to produce at least 2,000 tonnes annually of rare earth magnets

USA Rare Earth has acquired the NdFeB permanent magnet manufacturing equipment formerly owned and operated in North Carolina, US, by Hitachi Metals America, USA Rare Earth announced in a press release on 7 April.

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