Boston Metal lays off 71 and closes Woburn after an equipment failure in Brazil cost it financing

Boston Metal/Molten oxide electrolysis (MOE)

Boston Metal laid off 71 workers from March 14 and closed its Woburn, Massachusetts site after a critical equipment failure at its Brazil plant on January 30 caused it to miss a financing milestone. The loss of committed capital forced the cuts. The company will focus on restoring Brazil operations and its critical-metals business.

• 71 workers laid off from March 14, 2026; Woburn, Massachusetts site closed.
• Critical equipment failure at Brazil plant January 30 caused missed financing milestone, resulting in loss of committed capital.
• Company refocusing on restoring Brazil operations and critical-metals business scaling.