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flag China's rare earth magnet export curbs spur surge in demand for alternatives, affecting EV makers.

flag China's export restrictions on rare earth magnets have led to a surge in demand for non-Chinese supplies, with companies like Neo Performance Materials in Estonia seeing increased interest. flag China, which provides 90% of global magnets, has tightened export controls, causing supply chain disruptions. flag Automakers, facing an EV price war, are willing to pay premiums for rare earths needed for EV motors, but the cost must balance to avoid reducing demand or failing to support new production facilities.

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