New domestic rare earth magnet supply chain
02 Jun 2010
Source: Azom
Thomas & Skinner, the world’s leading manufacturer of cast and sintered alnico magnets, magnetic assemblies, and transformer laminations, today applauds the U.S. House of Representatives for approving an amendment, that directs the Department of Defense to develop a plan to establish a secure domestic source of neodymium iron boron (neo) magnets.
The United States is today totally dependent on foreign supplies of neo magnets. China provides over 97% of the world’s rare earth raw materials, including neodymium iron boron, and dominates the world’s rare earth refining, alloying and manufacturing. Concerns are mounting that increased demand within China will begin to greatly restrict the export of such materials for use abroad.
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