UUUU - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Key to Domestic Rare Earth Production Amid Rapidly Expanding Market
- Rare-earth metals market expected to almost double by 2026, driven by consumer and industrial electronics demand
- REEs are considered critical minerals by the government, but China absorbs biggest share of world supply
- Energy Fuels remains top U.S. uranium producer, determined to expand into rare earths and bring back production to US
As a leading U.S. uranium producer that recently expanded into the promising rare earths market, Energy Fuels (NYSE American: UUUU) (TSX: EFR) may hold the key to restoring sustainable, low-cost, domestic rare earth element (“REEs”) production in the United States (https://ibn.fm/3JIBW). That position could prove to be profitable, as the rare earth metals market is projected to grow at a CAGR of 12.3%, expanding from $5.3 billion in 2021 to $9.6 billion by 2026 (https://ibn.fm/OvsW0).
A number of critical industries, such as green technology and defense, consume rare earth elements. These elements are used in permanent magnets, metal alloys, phosphors, catalysts, polishing and glass additives. Rare-earth permanent magnets are expected to be the main growth drivers, with projected growth rates of...
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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