Its all over the headlines....Tuesday’s report, for example,...

Its all over the headlines....

Tuesday’s report, for example, noted that US is heavily dependent on imports of neodymium magnets, a key rare earth element used in computer hard disks and electric motors.The Commerce Department is considering initiating a Section 232 investigation into the national security impact of neodymium magnet imports used in motors and other industrial applications, which the US largely sources from China.
https://www.scmp.com/economy/china-economy/article/3136499/us-china-relations-biden-administration-sets-strike-force-go

The administration will decide whether to investigate the national security implications of neodymium magnet imports under Section 232 of a 1962 trade law, which was rarely used until former president Donald Trump employed it to justify tariffs on steel and aluminium imports from US allies.“In the case of neodymium magnets, those tariffs would be directed squarely at China, which dominates their manufacture,” said Martijn Rasser, a technology expert at the Center for a New American Security in Washington. “If the tariffs are high enough, that could provide financial incentives to build up a US domestic industry
.”https://www.ft.com/content/30dac928-e54a-4925-a1fa-e8bc6a7adae7Last edited by nro: Today, 08:21