What is the main objective of the partnership between Sumitomo Corp. of Americas and Ucore Rare Metals Inc.?

The main objective of the partnership is to develop a diversified rare earth supply chain across North American and allied markets, focusing on sourcing rare earth feedstock for Ucore’s Louisiana Strategic Metals Complex (SMC) and securing downstream offtake for separated rare earth products—particularly middle and heavy rare earth elements used in high-performance magnets and advanced materials, with initial emphasis on serving Japanese markets.

What are the production capacity milestones for Ucore’s Louisiana Strategic Metals Complex (SMC)?

The SMC is scheduled to be commissioned in stages: starting at 2,000 metric tons per year in 2026, scaling up to 5,000 metric tons per year in 2027, and with potential further expansion to 7,500 metric tons per year in 2028.

Sumitomo, Ucore Partner on Rare Earth Supply Chain Development

Jun 17, 2026

Sumitomo and Ucore Rare Metals announced a partnership to develop a North American rare earth supply chain via Ucore’s Louisiana Strategic Metals Complex. Production will scale from 2,000 to 7,500 metric tons per year by 2028 to support high-performance magnet applications.

chemweek

2026-06-17

Sumitomo, Ucore Partner on Rare Earth Supply Chain Development

Sumitomo, Ucore Partner on Rare Earth Supply Chain Development

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