Reuters exclusively reports EU considers help for rare earth magnet production

Last Updated on 31/08/2021 by


Environment

Reuters exclusively reported that the EU is working on proposals to jump-start home output of a type of specialist magnet vital in electric car motors by offering support to local producers so they can compete with Chinese rivals. The moves to support production of rare earth permanent magnets would mirror legislation introduced in the United States earlier this month to offer tax credits to makers of the devices there. 

Article Tags

Topics of Interest: Environment

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Europe

Countries: England

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story



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