News Snapshot:
Washington DC: As US-China relations become increasingly tense, automakers around the western world are working to reduce their reliance on permanent magnets to power electric vehicle motors. Rare earths from China are used to make most of the permanent magnets. Permanent magnets contain abundant metals, but the process of mining and separating rare earths is a difficult and environmentally friendly process. China has emerged as the dominant power in the production of permanent magnets. In recent years, several car companies have been looking for ways to find alternatives to rare earths. According to a survey conducted by Reuters, producers, who...
