The rare earths shortage is fueling growth for this magnetics company
Niron Magnetics is accelerating plans to build a second US plant amid a “step change” in demand.
Explore Tech Brew’s coverage of Critical Minerals Sourcing. From breaking news to in-depth guides, see how Critical Minerals Sourcing is transforming Manufacturing & Supply Chain and the tech industry at large.
Niron Magnetics is accelerating plans to build a second US plant amid a “step change” in demand.
Though auto companies are scrambling to avoid near-term production disruptions, experts say the industry will be reliant on China for critical raw materials for years to come.
“Although some automakers have strong policies and commitments, all are falling short when it comes to implementation,” one member of Lead the Charge said.
The “metal of electrification” could face a shortage as soon as 2025.
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