USA Rare Earth Appoints Ron Fogarty as Sales Vice President to Boost Magnet Production
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USA rare Earth (USAR) appoints Ron Fogarty as VP of Sales to lead global sales for its Oklahoma neo magnet facility, aiming for 2026 supply agreements.">
Stillwater, OK – USA Rare Earth, Inc. (USAR) announced the appointment of Ron Fogarty as its new Vice President of Sales on June 23, 2025. Fogarty will spearhead global sales initiatives supporting the company’s sintered neodymium (neo) magnet production facility located in Stillwater, Oklahoma [[2]].
Fogarty’s Extensive Experience
With over 35 years of experience in sales, business development, and organizational enhancement, Fogarty most recently served as Vice President of Sales for ABB, a global technology leader in electrification and automation. His expertise includes driving lasting growth and streamlining go-to-market operations .
Did You Know? Neodymium magnets are the strongest type of permanent magnets commercially available and are crucial for electric vehicles, wind turbines, and various electronic devices.
Strategic Importance for USA Rare Earth
Joshua Ballard, CEO of USA Rare Earth, emphasized the importance of Fogarty’s appointment, stating that it aligns with the company’s key objectives for 2025, which include securing supply agreements for 2026 delivery and building a robust sales and support organization. Ballard highlighted Fogarty’s reputation for building strong teams and his experience in commercial, industrial, and process industries .
Fogarty expressed his enthusiasm for joining USA Rare Earth,citing the market demand for a domestic supply of neo magnets. He is notably energized by the company’s efforts to meet the unique needs of customers across various growing industries and its potential for sustained growth.
Educational Background
Mr. Fogarty holds an MBA from the University of Missouri-Saint Louis and a bachelor’s degree in electrical engineering from the University of Missouri-columbia.
USA Rare Earth’s Mission
USA Rare Earth is committed to building the first and largest fully domestic rare earth magnet supply chain in the U.S. The company is currently constructing a 310,000 square foot rare earth sintered neo magnet manufacturing facility in Stillwater, Oklahoma. Additionally, USAR controls mining rights to the Round Top Mountain rare earth and critical minerals deposit in West Texas, which contains significant deposits of heavy rare earths and other critical tech minerals [[1]].
Pro Tip: Diversifying the supply chain for rare earth minerals is crucial for national security and economic stability.
Rare Earth Magnet Market
The rare earth magnet market is projected to experience substantial growth in the coming years, driven by the increasing demand for electric vehicles, renewable energy technologies, and advanced electronics. Securing a domestic supply of these magnets is a strategic priority for the United States.
| Fact | Details |
|---|---|
| new VP of Sales | Ron Fogarty |
| Manufacturing Facility Location | Stillwater, Oklahoma |
| Facility Size | 310,000 sq ft |
| Key Objective for 2025 | Secure supply agreements for 2026 |
Future Growth
With the appointment of Ron Fogarty, USA Rare Earth is poised to strengthen its global sales efforts and capitalize on the growing demand for domestically produced rare earth magnets. The company’s commitment to innovation and sustainable growth positions it as a key player in the rare earth industry.
Evergreen Insights: Background, Context, Historical trends
The demand for rare earth elements has surged in recent years due to their critical role in various high-tech applications. Historically, China has dominated the rare earth market, but there is a growing push to diversify the supply chain and establish domestic sources in countries like the United States. This trend is driven by concerns over national security, economic resilience, and the environmental impact of mining and processing rare earth elements.
FAQ
- What are rare earth magnets used for?
- Rare earth magnets are used in a wide range of applications, including electric vehicles, wind turbines, consumer electronics, and medical devices.
- Why is a domestic supply chain for rare earth magnets important?
- A domestic supply chain reduces reliance on foreign sources, enhances national security, and supports economic growth.
- What is USA Rare Earth’s long-term vision?
- USA Rare Earth aims to be the leading provider of domestically produced rare earth magnets, serving various industries and contributing to a sustainable future.
What are your thoughts on the importance of domestic rare earth magnet production? Share your comments below!
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