ReElement and POSCO International agree USD 200 million U.S. joint venture
ReElement Technologies and POSCO International agreed to establish a U.S. rare-earth separation and purification joint venture backed by USD 200 million of planned investment.
Evidence notes
- The companies signed the agreement on May 21, with POSCO International set to lead the venture as majority shareholder and ReElement supplying separation technology.
- The planned plant targets 3,000 tonnes of annual first-phase capacity and 6,000 tonnes after expansion.
- Pilot production is planned for late 2027 and mass production for 2028, so the milestone is an announced project rather than an operating facility.
Company context
ReElement provides domestic separation and purification capacity for rare earths and critical minerals.