A lot of emphasis has been placed on the Biden administrations...

A lot of emphasis has been placed on the Biden administrations imposition of 100% duty on EVs of Chinese origin, little note has been made of the increase of duty on permanent magnets to 25%. NdFeB magnets are composed of approximately 65% Ferrous material, which in value terms represents 4% of the magnets value.

Nd which comprises of 31% of the magnet by weight, represents 95% of the magnet value. At an NdPr price of $55,000, an NdPr magnet has a value of approximately $20/KG or $20,000 / MT. Non Chinese sourced permanent magnets can be sourced at prices closer to $70,000, when 25% duty is applied to Chinese sourced magnets manufactured with an NdPr price of $ 55,000. i assume this will be taken into consideration when assessing viability for finance.
A question to be asked.