USA Rare Earth outlines plans for 10,000-ton annual US magnet capacity by 2029

• USA Rare Earth targets U.S. magnet capacity of 10,000 tons annually in 2029, up from 600 tons currently.
• Serra Verde began Phase 1 production in September 2026, targeting an initial annual run rate of 4,000 tons.
• A 15-year take-or-pay agreement covers 100% of Serra Verde Phase 1 production, with price floors for four key rare earths.
• Commerce Department agreements provide up to $1.6 billion in milestone-based support; no funds have been disbursed.
• First magnet sales are expected by year-end 2026, with signed letters of intent and memoranda of understanding totaling approximately 2,500 tons.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. USA Rare Earth LLC published the original content used to generate this news brief on October 18, 2026, and is solely responsible for the information contained therein.