The automaker has quietly seeded the revival of the domestic magnet industry, locking down supply amid trade tensions.
In late 2021, GM ( NYSE: GM) and Germany's VAC announced plans for a U.S. manufacturing plant for rare earth magnets. The ...
The supply chains of tech giants like Apple, car firms like Tesla and even the US military will be thrown into chaos if China ...
BOSTON, July 31, 2025 /PRNewswire/ -- Rare earth magnets such as NdFeB and SmCo are critical materials used in electric vehicle motors, wind turbine energy generators, industrial robotics and consumer ...
(Reuters) -Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent ...
The global rare earth magnet market is expected to reach USD 13200 million in 2028 and register a revenue CAGR of 5.30% during the forecast period. This can be attributed to factors such as rising ...
(Reuters) -General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker's full-size SUVs and trucks, the magnet ...
Apple Invests $500M to Secure US Supply of Rare Earth Magnets Your email has been sent Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on ...
Noveon Magnetics has made a multiyear deal to supply General Motors with rare-earth magnets for undisclosed terms. The closely held San Marcos, Texas, said it had already commenced delivery of the ...