US EditionThe US Has an Urgent Magnet Problem. Here’s How We Fix It.
8 Articles
8 Articles
Automotive production depends on some important components, including magnets. Most of them come from China, and companies are currently afraid of bottlenecks.
The US has an urgent magnet problem. Here’s how we fix it.
China's suspension of the export of rare earth metals and permanent magnets has exposed the US's vulnerability to its monopoly power, and the US must act with urgency to establish supply chain security, onshore processing and manufacturing, and a strategic commitment to the defense industrial base.
In the deep sea there is a treasure in many places that promises new prosperity. In the USA, intensive work is now being done to make it their own. The government promises billions of growth. But there is also a great fear.
The German car industry is under pressure: the scarce supply of rare earths from China endangers the production of e-cars and electric motors.
US automakers are warning of a severe shortage of raw materials: without rare-earth magnets from China, production lines could grind to a halt within weeks. Magnets play a key role in the operation of cars, and China controls more than 90% of the world's processing capacity.
The growing global demand for strategic minerals is renewing interest in Latin America, a region with vast reserves and advanced mining capabilities that is positioned as a key player in the global raw material market. According to José Manuel Herrera, Regional Manager for Latin America of EBC Financial Group, although direct trade in rare land remains limited, its growing importance is transforming the mineral landscape in the region and genera…
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