Replies to post #14957 on MineralRite Corp (RITE)

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USA Rare Earth also has a Round Top processing project in West Texas and has acquired a magnet plant formerly owned by Hitachi. It wants to set up a domestic supply chain for rare earth magnets that are used in electric vehicles, wind turbines, smartphones, medical devices and 5G networks. According to Castellano, USA Rare Earth would generate $140 million in annual sales.