Reshoring Case Study: Niron Magnetics
In today’s technology-driven world, rare earth elements have become indispensable components of the devices we rely on daily. These raw materials are used to make consumer electronics such as cell phones, TVs, computers, appliances, and automobile electronics, as well as many industrial products.
The production of rare earth elements has long been concentrated in China, raising significant concerns about the security and availability of global supply. Then the 2010-2011 trade dispute between China and Japan over rare earth elements, the U.S.-China Trade War, and the COVID-19 pandemic illuminated the vulnerabilities in these supply networks, prompting a wave of U.S. investment in alternative technologies.
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