rare-earth magnets
Coverage of rare-earth magnets in the Nexus archive.
- McKinsey chairs: Building a more resilient industrial base may require $2 trillion in investment
McKinsey highlights the need for a $2 trillion investment to rebuild the U.S. industrial base, driven by geopolitical risks and technological competition. The U.S. imports $3 trillion in manufactured goods annually, with critical vulnerabilities in products like semiconductors, data center servers, and rare-earth magnets due to supplier concentration and geopolitical distance.
- China’s grip on rare-earth magnets could crush US drone industry before it grows
China's dominance in rare-earth magnet production threatens the U.S. drone industry's ability to scale manufacturing, as these magnets are critical for drone motors. The Pentagon's Drone Dominance Program aims to purchase 340,000 drones by 2028 but faces supply chain challenges due to reliance on Chinese imports. Alternatives like iron nitride magnets are highlighted as potential solutions.