AML - Creation of Rare Earth Magnet Supply Chain https://www.amlsuperconductivity.com/wp-content/uploads/2019/09/AML_Building_a_better_magnet.pdf "This paper explores the future of magnets and their end-use impact and the solutions to the manufacturing challenges, supply of resources, and creation of a stable, thriving, vertically-integrated “mining to magnet to end-use” industry."
SUMMARY Magnets are at the heart of electrically powered machines.
As the world evolves away from purely fossil fuel-powered engines, vehicles, and machines, the electric and hybrid-powered machines have to evolve along with it.
This need for better, more efficient, more powerful, lighter weight magnets and magnet-powered motors and generators will take over in industries from transportation to wind energy to robotics and more.
As a result, demand for the type of magnet that allows this, one made of Rare Earth Elements (Rare Earths), will grow exponentially.
Permanent magnets represent the largest group in Rare Earths consumption, close to 25% of Rare Earths used worldwide.
Currently, the only practical supply of Rare Earths and permanent magnets manufactured from Rare Earths is through China.
This is not a sustainable solution from a country with a history of market manipulation and control along with an economically adversarial relationship with the USA that recently triggered a global crisis.
The Advanced Magnet Lab (AML) has developed a novel solution for the optimized design, manufacture and performance of permanent magnets that, combined with efforts from numerous Rare Earth mines worldwide and deep tech Rare Earth processing companies, will streamline the supply chain problem to potentially solve this crisis.