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Mulberry Industries and Ramaco Resources have signed a memorandum of understanding (MOU) to enhance the U.S. rare earth supply chain by establishing an offtake partnership. The agreement will allow Ramaco to supply Mulberry with customized oxide blends of rare earth elements to support the production of advanced permanent magnets for various sectors, aiming to reduce U.S. reliance on China. Ramaco's Brook Mine, the first new rare earth mine in over 70 years, is expected to begin commercial production soon.