An article from

Dive Brief

They aim to create an alternative supply chain that connects South Korea materials to U.S. capacity and reduces global dependence on materials from China.

Published May 27, 2026

(From left) Mike Kopp, Senior Advisor to the U.S. Secretary of Energy; Mark Jensen, CEO of ReElement; Lee Kye-in, President & CEO of Posco International; and Park Chan-ki, Commercial Attaché at the Embassy of the Republic of Korea in the United States. They signed a joint venture to develop integrated rare earth and magnet production in the U.S.