Rare earth magnets are a crucial component of electric motors in an electric vehicle (EV). According to IDTechEx, rare earth permanent magnet motors have retained a greater than 75% market share since ...
China controls about 90% of the entire global supply of rare earth magnets, including their mining and refining. That means that most of the neodymium, dysprosium, and terbium that end up in EV motors ...
While electric vehicles certainly offer a host of eco-friendly advantages, they're not without some asterisks, one being the rare earth materials (and harmful mining thereof) used to make the magnets ...
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