REalloys (ALOY) is arguing that the US rare earth problem is a processing issue rather than a mining one. They claim that while the US has raw resources, it lacks the domestic capability to turn that ore into the heavy rare earth alloys needed for defense magnets. The company is using a facility in Ohio to build out this mid-stream processing capacity. They noted that qualifying materials for defense applications is the biggest bottleneck because it requires years of consistency testing. The article also mentioned updates for other players in the materials space. GM is securing more raw materials for its Ultium platform, Caterpillar is electrifying mining sites, and Albemarle is focusing on capital discipline after recent price drops. FMC and Teck Resources were also noted for their roles in the supply chain. Worth noting the source had a disclaimer about owning ALOY stock.