Ucore Comments on China's Ban on the Export of Rare Earth Technology

China announced a ban on the export of technology to produce rare earth permanent magnets on December 21, 2023, and confirmed its existing ban on the export of technology to extract and separate rare earth elements. China has a virtual monopoly on the processing of heavy rare earth elements such as dysprosium.Ucore has commenced a US$4 million contract with the US Department of Defense to demonstrate its RapidSXTM rare earth processing technology.Halifax, Nova Scotia--(Newsfile ...

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