Current Chemicals Funding Round

Cleveland-based Current Chemicals, Inc. (CCI) has secured an undisclosed follow-on investment round from existing lead shareholder Momentum Global Ventures (MGV). As one of the few U.S. chemical processors transforming separated rare earth oxides into specialized fluorides, the company will use the capital to significantly expand its production capacity for neodymium fluoride and dysprosium fluoride. The increased output is targeted at bolstering the domestic supply chain for rare earth metal and magnet manufacturing.