US Takes a Big Step In Breaking China’s Magnet Dominance
The US is looking to break China’s dominance in the rare earth magnet sector and put an end to its powerful monopoly. The latest development in tackling China comes after the Florida-based alloy manufacturing firm REalloys signed a strategic agreement with South Korea’s magnet manufacturer JS Link to develop and build the first fully integrated non-Chinese rare earth magnets. The deal is to bring together feedstock, separation, metallization, and permanent magnet manufacturing under a single North American industrial strategy. Also Read: US Stocks That Rose More Than 100% in a Year US Takes on China in Rare Earth Magnets Source:










