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Three Industry Leaders in Rare Earth Magnets Join Forces Under New Name
- On June 27, 2025, China began granting export permits for rare earth materials and magnetic products to businesses within the European Union, relaxing prior limitations.
- This followed China's April 2025 expansion of export controls covering rare earth magnets and heavy rare earth elements amid US reciprocal tariffs.
- China's tightened control strained global supply chains, while the ministry affirmed communication readiness and facilitation of compliant trade flows.
- China supplies 90% of rare earth magnets used in electric vehicles, and alternative motor designs like switched reluctance motors face noise and control challenges.
- The export license issuance offers short-term relief but highlights ongoing supply chain vulnerabilities and the need for structural trade solutions.
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The Norfolk Daily News+22 Reposted by 22 other sources
Three Industry Leaders in Rare Earth Magnets Join Forces Under New Name
ELK GROVE VILLAGE, Ill., June 26, 2025 /PRNewswire/ -- The parent company of Dexter Magnetic Technologies (DMT), Magnetic Component Engineering (MCE), and Electron Energy Corporation (EEC)—Magnetic Holdings, LLC—has been rebranded as Permag. The new name marks the next step in…
China approves certain rare-earth export applications to Europe
Ministry of Commerce spokesperson He Yadong said at a regular press conference Thursday afternoon that China has always attached great importance to maintaining the stability and security of global production and supply chains.
·Beijing, China
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Beijing was also supposed to suspend exports to the United States.
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Total News Sources30
Leaning Left2Leaning Right2Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
15%
C 69%
15%
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