Why rare earth magnets are vital to the global climate economy — Quartz

Why rare earth magnets are vital to the global climate economy Quartz 40 mins ago Mary Hui © Provided by Quartz The Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. From the US to Europe, there is growing awareness that an over-reliance on China for rare earths presents economic and national security risks. One high-stakes arena that could shape the trajectory of the global climate economy is the rare earth permanent magnet industry. What are rare earth magnets? Permanent magnets are so called because they maintain their magnetic properties even when exposed to a magnetic field. Put…