EU considers help for rare earth magnet production -...

EU considers help for rare earth magnet production - sources
https://www.foxbusiness.com/technology/eu-rare-earth-magnet-production-sources

The proposals being considered by the EU include both cheap financing and compensation for higher raw material costs, said two sources who have seen the plans but were not authorized to speak publicly about them.
Germany's Vacuumschmelze (VAC), the only major permanent magnet producer in the western hemisphere, is waiting to give a green light to expansion plans for a factory to make magnets for Europe's burgeoning EV industry until it is sure it has a viable business case.
"Chinese permanent magnet producers get raw materials at 25% below the price I can get them," said Bernd Schleede, head of permanent magnets at VAC."To reach a level playing field either the EU should compensate for this gap, or should consider penalties on the import of magnets. I personally would prefer the first option."