High-Performance Magnets without Expensive Heavy Rare Earth Elements… KIMS Paves the Way for Self-Reliance in Key Materials for Electric Vehicles and Robots

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A core technology capable of manufacturing high-performance permanent magnets used in electric vehicles and robots without expensive heavy rare earth elements has been developed domestically. This achievement is expected to reduce dependence on heavy rare earth elements, whose supply is currently concentrated in a few countries, and to support the localization of key materials for advanced industries. The Korea Institute of Materials Science (K…