USA Rare Earth, Compass Partner to Expand U.S.-Made Rare Earth Magnet Supply

Dow Jones03-23

By Robb M. Stewart

USA Rare Earth and Compass Diversified are teaming up to boost supplies of U.S.-made rare earth magnets critical to semiconductors and technology ranging from missiles and fighter jet guidance systems to radars.

Under the non-exclusive partnership, each company is authorized to sell and distribute the other's products.

In premarket trading, Compass's shares were 10% higher at $6.15. USA Rare Earths stock was up 4.3% at $16.93.

USA Rare Earth said it will offer finished permanent magnets produced from samarium-cobalt and neodymium-iron-boron, and Compass's Arnold Magnetic Technologies subsidiary will offer USA Rare Earth's processed and refined neodymium-iron-boron feedstock and finished magnets. Each company will remain responsible for product quality, warranties and any product-related liabilities for the goods it manufactures.

The companies said the agreement will strengthen a U.S.-aligned supply chain for the aerospace, defense, semiconductor and advanced technology industries by connecting processed materials with domestic capabilities to generate finished, compliance-ready magnet solutions.

Bringing together USA Rare Earth's domestic NdFeB production and Arnold's finished magnet and engineering capabilities will enable customers to access a broader portfolio of high-performance magnet solutions. The agreement supports USA Rare Earth's "mine-to-magnet" strategy, which includes deposits of heavy rare earth elements, rare earth processing and separation, metal-making and magnet manufacturing in the U.S.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

March 23, 2026 07:52 ET (11:52 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

USA Rare Earth, Compass Partner to Expand U.S.-Made Rare Earth Magnet Supply

At the request of the copyright holder, you need to log in to view this content

Comments