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Viet Nam's rare earth mining industry will likely experience rapid growth in the near future, according to industry experts, as demand has been on the rise steadily in the last few decades.
Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S. tension. - VnExpress International
Earths Magnet: China is dominant in magnets and the rare earth metals they are made from. The magnets are central to the manufacturing of such products as electric vehicles, wind turbines, weapons and smartphones, making the sector strategically important. Even so, there has been only limited effort to challenge China's lead.
Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people famili...
Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply...