REalloys Commits $50M to 2027 Ohio Rare Earth Plant to Secure Magnet Supply
Caterpillar relies on rare earth magnets for advanced machinery and electrification systems, but the US imports over 85% of these materials while China controls roughly 80% of the supply chain. REalloys has committed $50 million to build Ohio metallization plant slated 2027 start and add NdFeB magnet production by 2029.
1. Caterpillar Rare Earth Dependence
Caterpillar’s heavy machinery and electrified systems rely on NdFeB magnets derived from rare earth metals, yet over 85% of these inputs are imported and China controls approximately 80% of global processing capacity.
2. REalloys Buildout and Timeline
REalloys has earmarked $50 million for a Phase One Ohio metallization facility set to start operations in 2027, with an in-house NdFeB magnet production line planned by 2029 to establish a fully traceable domestic supply chain.