China’s Monopoly on High-Strength Magnets Is About To Hammer European Automakers
May 28, 2025
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2:32Now PlayingChina’s Monopoly on High-Strength Magnets Is About To Hammer European Automakers
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as posted by the channel#china #ev #electricvehicle #alternativeenergy #greenenergy #rareearths #eu #automakers #magnets
For three decades, China has been building an effective monopoly on rare earth elements and high-strength permanent magnets. That monopoly is about to hit European automakers hard. Why? Without Chinese magnets, they can’t build EVs.
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