Reuters exclusively reports EU considers help for rare earth magnet production
Reuters exclusively reported that the EU is working on proposals to jump-start home output of a type of specialist magnet […] The post Reuters exclusively reports EU considers help for rare earth magnet production appeared first on Reuters News Agency.
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Reuters exclusively reported that the EU is working on proposals to jump-start home output of a type of specialist magnet vital in electric car motors by offering support to local producers so they can compete with Chinese rivals. The moves to support production of rare earth permanent magnets would mirror legislation introduced in the United States earlier this month to offer tax credits to makers of the devices there.
The post Reuters exclusively reports EU considers help for rare earth magnet production appeared first on Reuters News Agency.
