Rare earth magnets emerged in the mid-20th century as engineers searched for a stronger and temperature-stable alternatives to traditional magnetic materials like AlNiCo and ferrite. While those earlier magnets were useful, they struggled in demanding environments where heat, corrosion resistance, and long-term magnetic stability were critical...
Understanding the economics and dynamics of the fragmented magnet industry requires acknowledging the hard work of the Chinese people who endured, persisted, and built the manufacturing ecosystem that exists today. The current fragmented magnet industry is what happens when a society becomes overwhelmingly white-collar and the blue-collar role gets outsourced...
