By Shane Lasley
Metal Tech News
Magnets are rare earth feed for Geomega
REE magnet recycling company showcasing tech in Quebec Metal Tech News Weekly Edition - August 12, 2020
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Last updated 7/10/2022 at 2:45pm
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In 2019, the U.S. imported roughly US$13.8 billion of rare earth magnets. This does not include magnets installed in imported products that have already been assembled.
It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements.
These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and h...
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