America Needs 48,000 Tons of Rare Earth Magnets. It Only Makes 300

America Needs 48,000 Tons of Rare Earth Magnets. It Only Makes 300

Last year, America needed roughly 48,000 metric tons of the most common rare earth magnet, and domestic sources supplied just 300 tons. The rest had to come from somewhere else, and China makes more than 90% of the world's supply. To make matters worse, in January, that supply gets cut from both directions.  On January 1, the Pentagon's ban on Chinese magnets in its supply chain takes effect, and just nine days later, China's toughest rare earth…

America’s Rare Earth Magnet Dilemma: A Solution in the Making

Last year, America required 48,000 metric tons of the most common rare earth magnet, with only 300 tons produced domestically. China dominates over 90% of the global supply chain, posing a significant challenge. The Pentagon is set to enact a ban on Chinese magnets in its supply chain starting January 1, 2027, covering the entire production process from mining to the finished product. This move will impact defense contractors building critical m…