📈 Business
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Bloomberg
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US Gets New Magnet Plant to Reduce Dependence on Chinese Supply
USA Rare Earth Inc. will begin commercial shipments of rare earth magnets starting in April, joining a small number of projects aimed at reducing America's reliance on China for these vital industrial components. The move is part of a broader push to diversify supply chains for critical materials dominated by China.
USA Rare Earth Inc. will start commercial shipments of magnets from April, adding to a handful of projects that aim to curb America’s reliance on China for the vital industrial components.