Stellantis, GM back firm building magnets without China’s rare-earth elements - Cryptopolitan

The American Gamble: Earth-Free Magnets to Challenge China - Economic Scenarios

In the great geopolitical game of raw materials, the United States is attempting a textbook move: circumventing the obstacle rather than confronting it head-on. The obstacle, a major one, is China's near-monopoly on rare earths, essential elements for the production of high-performance permanent magnets. The move is being entrusted to a company, Niron Magnetics , which has just launched an ambitious initiative: producing magnets without a single…

Stellantis, GM back firm building magnets without China’s rare-earth elements - Cryptopolitan

Stellantis and General Motors alongside other companies are lending their support to a U.S. startup that is attempting to build a large-scale factories producing magnets. The tech companies are aligning to push back on China’s rare earth market dominance and its risks for industries reliant on magnets.  A U.S. startup backed by Stellantis, General Motors, and other global manufacturers is attempting to build a large-scale factory that does not r…