Energy Fuels Inc. has secured a significant milestone with its terbium oxide produced in Utah gaining approval for use in magnet manufacturing in Japan. The rare earth element, critical for high-performance magnets in electric vehicles and renewable energy technologies, now meets the stringent quality standards required by Japanese producers. This development could strengthen supply chains for clean energy infrastructure and automotive industries reliant on advanced magnet technology. The qualification follows rigorous testing, marking a potential expansion of U.S.-based rare earth production in global markets.
Energy Fuels’ Utah-produced terbium oxide qualifies for magnet production in Japan Charged EVs
