GM EV magnet supplier VAC works to open U.S. operations

Germany's Vacuumschmelze (VAC), one of the few rare earth magnet producers outside China, aims to expand output at a new U.S. plant with U.S. government support, in contrast to lukewarm backing for similar plans in Europe, its CEO Erik Eschen said on September 15.
VAC CEO Erik Eschen stated that the U.S. is pushing h....

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