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Business and innovation

Business and innovation

Powering the green economy: the quest for magnets without rare earths

10 Oct 2023 James McKenzie

Rare-earth elements are vital for the magnets found in electric cars, wind turbines and other parts of the “green economy”. But with uncertainties over the supply of these materials, James McKenzie reports on the importance of magnets that avoid rare earths entirely

Mining rare-earth elements
Time to get digging With geopolitical issues surrounding the mining of rare-earth elements, the search is on for permanent magnets that can be made from alternative materials. (Courtesy: Shutterstock/mykhailo pavlenko)
Magnets might not be something on most people’s minds, but they are essential for the burgeoning

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