The Secretary’s report notes that the United States, as well as our allies and partners, are highlydependent on imports from China, and that the nascent domestic NdFeB magnet industry facessignificant barriers to reaching its production targets, including unfair Chinese practices. Thereport further noted that U.S. consumption of NdFeB magnets is forecast to more than doublefrom 2020 to 2030, driven by increased demand from electric vehicles and wind energyindustries.To mitigate the national security threat from foreign imports, the Biden-Harris Administrationwill implement Commerce’s recommendations including bolstering domestic productionthroughout the supply chain, promoting demand for U.S.-produced magnets, engaging with alliesand partners on supply chain resilience, supporting the development of a highly-skilledworkforce, and supporting research to mitigate supply chain vulnerabilities, along with otherefforts. In addition, to ensure continued support for the domestic NdFeB magnet industry in faceof unfair competition from China, the Biden-Harris Administration will continue to monitor thedomestic supply chain and take appropriate actions. QUOTE Seeing ARR is collaborating with esteemed research institutes funded by the US Government to create new processing technologies there is every chance to be included in further grants IMO
