The whole rare earth market in China is tepid in the week began on Monday April 19. Downstream magnetic material companies generally focus on just-needed replenishment, which is the main reason for the lack of upward adjustments in supplier quotations. 

Biden's 'Made in America' slogan in the field of electric vehicles (EVs) would spur the use of rare earths. US Washington Times's article said Biden's 'Made in America' for electric vehicles would benefit China, or it will make China increased America’s dependence on this communist country. China not only occupies most of the global production of advanced batteries but also abundant with the rare minerals required to manufacture these batteries.

Molybdenum market quotation in China: sodium molybdate, ammonium heptamolvbdate and molybdenum bar prices remain weak adjustment under lower-than-expected steel tenders and declined international molybdenum prices.

A British company, Advanced Electric Machines (AEM) has released what it believes to be the world's most sustainable electric vehicle motor. Its new motor does not contain rare earth magnets, but it is said to provide all the performance and efficiency benefits, and has more advantages than conventional permanent magnet motors without considerable environmental drawbacks.