Magnets are manufactured industrially by running a current ...">
Rare earth magnets have gotten a lot of coverage in the EV press over the years for being expensive – especially back in 2011 when a supply disruption in China sent the prices up anywhere from fivefold for neodymium to 20-fold for dysprosium over the course of a few months – yet they are still a key component in the vast majority of traction motors found in EVs and hybrids (the notable exception is Tesla, which uses induction motors).
Magnets are manufactured industrially by running a current ...