Initial US Magnet Supplies Can’t Meet Future Needs, Adamas Warns

The US will briefly have enough rare-earth magnet capacity to meet domestic demand around 2028, before rapid growth from high-tech sectors drives the need for even more supply, according to consultancy Adamas Intelligence.

The global rare earths and magnets sector is still adjusting to China’s supply shock in April, when the world’s dominant producer put export controls on the critical minerals in an escalating trade war with the US. That’s driven a scramble among geopolitical rivals to ease the risk of future disruptions.