Tesla Inc. said in 2023 that it’s aiming to completely eliminate rare-earth magnets when it unveils its next-generation EVs, but two years later the minerals are still abundant throughout the company’s cars. BMW’s electric vehicles are already powered by a specialty motor created without the minerals, but small amounts of rare-earth materials are... See more

Then there are the companies trying to innovate their way out of a reliance on rare earths altogether. General Motors Co. and Stellantis NV have invested in a company in Minnesota aiming to commercialize iron-nitride magnets, c

ther US companies, eager to avoid new mine permitting issues, are trying another tactic to build domestic supply: recovering rare earth metals from existing mine waste