ARU Chart Thread, page-382

Loved this part of Sledges Post.
Ausheds ?

Japan is heavily reliant on imports for rare earths, though over the past decade it has successfully reduced dependence on China by diversifying its sources.

Japanese companies also own important intellectual property related to the production of permanent rare earth magnets, which are vital components in electric vehicles and wind turbines. The trove of valuable IP potentially makes Japanese firms attractive targets of takeovers by adversaries or competitors of Japan. Hitachi Metals, for example, holds “a significant portfolio of rare earth magnet patents,” according to the law firm Allen & Overy, and was recently put on sale by its parent Hitachi. In April it accepted an offer with a strong Japanese component—the bid from a US-Japanese consortium led by Bain Capital.

Meanwhile, a search of the World Intellectual Property Organization’s patent database shows that Japan holds the highest number of registered patents with the words “rare earth magnet” in the patent title.