USA Rare Earth Inc. (NASDAQ: USAR) said on Monday it has agreed to acquire Less Common Metals (LCM), a UK-based producer of rare earth metals and alloys, in a deal aimed at accelerating its mine-to-magnet strategy.
The acquisition would establish an end-to-end rare earth supply chain for the company and secure access to high-quality metals and strip cast alloys for global customers, USAR said.
