US targets rare earth magnet industry

Lockheed Martin F-35B Lightning II from VMFA-121 'Green Knights'. on runway
Lockheed Martin F-35B Lightning II from VMFA-121 'Green Knights'. on runway

The US has been focusing on building its rare earths permanent magnets (REMPs) manufacturing capacity as the country continues to take steps to reduce its reliance on China for the vital defence application components. “There’s a lot of companies wanting to build downstream capacity in the US while most upstream sources of supply will likely […]

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