Reuters exclusively reports UK gearing up to produce rare earth magnets, cut reliance on China - Reuters News Agency
Business & FinanceEnergyEnvironment

Reuters exclusively reports UK gearing up to produce rare earth magnets, cut reliance on China

Reuters exclusively reported that Britain could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China and achieve vital cuts in carbon emissions. A magnet factory would help Britain, which hosted the COP26 UN climate talks in Glasgow, Scotland, meet its goal of banning petrol and diesel cars by 2030 and slashing carbon emissions to net-zero by 2050.

Article Tags
Topics of Interest: Business & FinanceEnergyEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: AsiaEurope
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
UK-China-magnets
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