The Pentagon invests in domestic rare-earth firm to reduce reliance on China
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最新报道：The Pentagon has awarded $10 million to Noveon Magnetics, a Texas-based rare earth materials manufacturer, to boost domestic production of permanent magnets critical for defense and tech industries. The funding, part of the Defense Production Act Investments program, aims to reduce reliance on Chinese supply chains by supporting Noveon's patented recycling technology that transforms discarded electronics into high-performance magnets. CEO Peter Afiuny emphasized this strengthens national security while promoting sustainability. The move comes as the U.S. seeks to onshore clean energy supply chains, with rare earths being vital for electric vehicles, wind turbines, and military applications like F-35 fighter jets.
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