India, Oct. 9 -- A turbulent year of supply restrictions and tariff threats is driving the strategic reshoring of rare earth magnet production across Europe and North America. In 2025, China will produce 90% of the world's rare earth magnets, critical materials used in electric vehicles, industrial automation, consumer electronics and wind energy applications.

With annual rare earth magnet demand set to almost double over the next decade amidst supply uncertainty, the stage is set for the earth magnet market to evolve.

The expansion of rare earth magnet production outside of China presents growth opportunities for rare earth separation, refining, and magnet manufacturing technologies. IDTechEx's latest report, 'Rare Earth Magnets 2026-2...