A magnet is an important part of devices like smartphones, automobiles, and many more. Most of these magnets are made using rare-earth materials, which are expensive and scarce on the market. Also, ...

Bengaluru-based Vimag Labs is building virtual magnet motors that remove the need for rare-earth permanent magnets, reducing exposure to China-dominated supply chains Instead of physical magnets, ...

India’s foreign ministry recently announced that Indian companies now have licenses to import rare-earth magnets from China. Rare earth magnets, derived from a group of 17 elements that are essential ...

SUMTER COUNTY, S.C. — Less than two years after breaking ground, eVAC Magnetics turned a soybean field into a manufacturing facility and has shipped its first rare-earth permanent magnets for ...