Reported about 9 hours ago
Vulcan Elements has partnered with the U.S. government and ReElement Technologies to boost domestic rare earth magnet production, aiming to reduce dependence on China. Located in North Carolina, Vulcan plans to establish a 10,000-metric-tonne magnet facility with significant funding from the Pentagon and the Department of Commerce. Additionally, ReElement will enhance its recycling and processing abilities with financial support from the Pentagon. This initiative underscores the importance of rare earth magnets in various technologies, including electric vehicles and medical devices.
Source: YAHOO