According to Nikkei Asia, Japan's Honda Motor is investing in Niron Magnetics, a U.S. startup that is working to commercialize magnets that do not use rare earths. Niron announced the investment on Wednesday, as Japan and the United States face supply chain friction with Beijing over critical minerals.
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Honda Motor Invests in U.S. Rare-Earth-Free Magnet Startup Niron Magnetics
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