US-based miner MP Materials and Saudi Arabia’s Maaden have taken the first step in developing an alternative supply chain for the production of rare-earth magnets — 90 percent of which come from China, which restricted their export in response to Trump’s tariffs. That’s a problem because those magnets are needed for the advanced motors found in everything from EVs, to robots, missiles, spacecraft, drones, and steering wheels.
You can read more about the conundrum in a feature we published yesterday:















