LYC lynas rare earths limited

Again in the WSJ

  1. 182 Posts.
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    In 2027 magnets for US military equipment cannot contain materials mined or processed in China. The US government is moving things along having given $45M to MP, $250m to Lynas for the Seadrift plant and $29m to Noveon Magnetics also in Texas.
    Obviously Lynas is in the best position to supply the "Western-world supply chain." A problem is that these magnets will be expensive, but GM says it will by US-made magnets
    https://www.wsj.com/business/china-rare-earth-magnets-us-production-782677e5?mod=Searchresults_pos1&page=1
 
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