Conifer’s Iron-Based Electric Motors Bypass China’s Rare Earth Monopoly
China currently dominates around 90% of the global market for rare earth magnets, overseeing both their extraction and refinement. As a result, components like neodymium, dysprosium, and terbium—essential to electric vehicle motors, drones, wind turbines, and smartphones—are largely under China’s influence, with supply and geopolitical shifts giving the country significant leverage. Conifer’s Iron-Based Alternative to […]
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