The White House is also placing a 25% tariff on permanent magnets, or magnets that retain their ability to attract metals even when they’re not subject to an electric current. Materials with this property power the generators that wind turbines use to turn kinetic energy into electricity. Permanent magnets can also be found in a range of other systems including electric vehicle motors, speakers and the actuators that some industrial robots use to move.
Together with $30kg tax subsidy on US manufactured NdFeB that's now powerful incentive to create significant new NdPr demand US.
LYC Price at posting:
$7.03 Sentiment: Buy Disclosure: Held
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