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REalloys secures 15-year deal for heavy rare earth supply from Greenland, boosting US defense supply chain independence.

Market News
28 May 2026
Charles Kennedy
View Source
Bullish
pluang ai news

REalloys has signed a 15-year agreement to secure 15% of Phase 1 production from the Tanbreez heavy rare earth project in Greenland, one of the largest Western-aligned deposits. This deal strengthens US efforts to reduce dependence on Chinese rare earth processing, crucial for defense-grade metals and magnets used in advanced military systems. REalloys is expanding its Ohio facility to process these materials domestically, aiming for full magnet production by 2029. The move supports Pentagon plans ahead of a 2027 ban on Chinese-origin rare earths, addressing critical supply chain vulnerabilities amid global conflicts.

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