West's Magnet Supply Chain Faces Heavy Rare Earth Shortage

The Wests quest for a self-sufficient magnet supply chain, crucial for industries like electric vehicles and defense, is hindered by a scarcity of heavy rare earth elements. MP Materials, a key player, lacks these elements in their Nevada mine, despite success in producing lighter rare earths. Experts warn of potential reliance on China for these materials, highlighting the urgency of finding alternative sources, such as recycling and new mines, to meet the growing demand by 2035.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.