This is where China’s rare earth magnet monopoly ends. The agreement creates a path to manufacturing American rare earth magnets entirely on American soil. Together, they place every major stage of rare earth production–from feedstock through finished magnets–inside a single American industrial platform. The company is funding a dedicated heavy rare earth metallization facility that will convert dysprosium and terbium oxides into metals, creating what is expected to become the largest heavy rare earth metallization operation outside China. Its latest export controls prohibit foreign companies and individuals worldwide from supplying designated American firms with certain dual-use products, including rare earth producer MP Materials and rare earth magnet manufacturer USA Rare Earth.