magnet

China currently dominates the supply chain for the rare-earth materials often used in magnets and crucial components of everything from electric vehicles to F-35 warplanes.

These magnets would then be used in high-tech applications such as motors for electric vehicles, wind turbines and robotics.

Rare-earth materials mainly end up in magnets that are critical for electric vehicles, wind turbines, fighter jets, and a host of other products.

Rare earths are minerals used to make magnets crucial to the auto, electronic and defence industries, as well as in renewable energy.

China processes around 90% of the world's rare earths and magnets - materials that are critical for advanced tech manufacturing and go into everything from cars to smartphones.