Achieving American Leadership in the Rare Earth Magnets Supply Chain Factsheet
Rare earth permanent magnets are a critical technology for the clean energy transition and electrified transport revolution. The global supply chain for rare earth metals and magnets is almost completely dominated by China, which controlled 58% of rare earth mining and 92% of magnet manufacturing in 2020. The United States produces only 15% of the global supply of raw materials for these magnets, and while the nation has several nascent downstream processing and manufacturing efforts, current domestic production is limited. Investments and incentives to boost the domestic supply chain, especially in the separation and refining phases, point the way to securing stable supplies of these critical clean energy components.
- Research Organization:
- USDOE Office of Policy (PO)
- Sponsoring Organization:
- USDOE Office of Policy (PO)
- OSTI ID:
- 1871578
- Country of Publication:
- United States
- Language:
- English
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