In its ongoing efforts to lead the establishment of an independent rare earth elements (REEs) supply chain in the UK, Rainbow Rare Earths, a London-listed company, has entered into a strategic supply agreement with Less Common Metals (LCM) to develop a Western supply chain for REEs
Under this agreement, Rainbow will provide LCM with REEs that are designated as critical minerals LCM is the sole manufacturer of rare earth metals and alloys in the UK and one of the few facilities outside China with this capability
LCM holds a unique position in the rare earths industry as it is the only Western company commercially producing both highly specialized strip-cast alloys and all the necessary rare earth metals required for manufacturing high-performance neodymium iron boron magnets
