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US firms Nth Cycle and IonicRE partner to cut China dependency in rare earth refining with new tech.

Market News
20 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Nth Cycle and Ionic Rare Earths Limited have signed a joint development and licensing agreement to establish rare earth refining operations in the US and globally, aiming to reduce reliance on China. Their collaboration will integrate Nth Cycle's electro-extraction technology into IonicRE's recycling process, eliminating the need for oxalic acid, a chemical largely supplied by China, thereby creating a more resilient and cost-effective supply chain. This innovation will start at IonicRE's Belfast facility in late 2026 and is expected to lower operating costs, reduce carbon footprint, and strengthen Western rare earth supply chains critical for technologies like EVs and defense. The partnership builds on Nth Cycle's recent $1.1 billion deal with Trafigura, highlighting its broad refining capabilities across critical minerals.

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