TRUTH PUKE’S TAKE: The move by China to potentially ban the export of rare earth magnets is a significant development that could have far-reaching consequences. With China currently dominating the market for neodymium and samarium cobalt magnets, the ban could severely impact the supply chains of numerous industries, including electric vehicles and wind turbines.
The move is likely part of China’s broader strategy to establish its dominance in key industries and technologies while using them as bargaining chips in its dealings with other nations. The ban could also lead to a dependence on China for rare earth magnets, which could have implications for national security and economic stability.
As such, it is important for other countries to develop their own capabilities in the manufacturing of rare earth magnets to mitigate the risks of supply disruptions.
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#Japan #UnitedStates #China #nationalsecurity #RareEarthMagnets #neodymium #cobalt #magnets #electricVehicles #WindTurbines
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