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Energy Fuels Completes Australian Strategic Materials Acquisition As NdFeB Alloy Capacity ...
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Fusion42 · 31 August 2026 · Fusion42 review
Energy Fuels acquired Australian Strategic Materials, gaining commercial-scale rare earth metal and alloy production, including a Korean Metals Plant with 1,300 tonnes NdFeB alloy capacity, expanding to 3,600 tonnes by end-2026. This extends Energy Fuels' vertical integration toward a Western mine-to-magnet supply chain and potential U.S. plant replication.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
You can now compete in rare earth magnet supply by leveraging Energy Fuels' expanded alloy capacity and U.S. integration push. The door is open to build or partner on Western permanent magnet production to serve EV markets.
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1 source · 30 Aug 2026
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