rare earth permanent magnets
Coverage of rare earth permanent magnets in the Nexus archive.
- The G7 just pledged to break China’s rare earth grip — there’s a lot of work to do
The G7 pledged to reduce dependence on China for rare earth minerals by ensuring no single nation supplies over 60% of imports by 2030, aiming for 50% as soon as possible. China currently accounts for nearly 70% of rare earth production and 95% of permanent magnet production, critical for military technology and energy transition. The G7 cited risks from potential Chinese export controls and the strategic importance of rare earths in defense and green energy.
- Japan feels the squeeze as China’s rare earth magnet exports only partly recover
China's rare earth permanent magnet exports to Japan showed a modest 2.5% rebound in April after a sharp 17.3% decline in March, but Japanese firms report facing severe shortages amid ongoing diplomatic tensions between Beijing and Tokyo.