Understanding the DoD’s MP Materials Investment and What It Means for the Magnet Market
The rare earth magnet market is under extraordinary pressure, and the cause is not just tariffs. On April 4, 2025, China’s Ministry of Commerce (MOFCOM) issued new export restrictions (Announcement No. 18), requiring licenses for several key rare earth elements including samarium, dysprosium, terbium, and neodymium. While these are not outright bans, the licensing system…