Rare-earth magnet maker JL Mag reportedly has more than 10 times its closest US rival’s production capacity
Bloomberg reports that the Chinese company is expanding at a much faster pace than rivals outside China.
TLDR
Bloomberg reports that JL Mag, a Chinese rare-earth magnet maker, has more than 10 times the production capacity of its closest US rival. The company is also expanding at a much faster pace than rivals outside China, according to the outlet.
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