Texas-based rare-earth magnet company, Noveon Magnetics, has raised $215 million from investors to expand its U.S. operations in an effort to improve American access to these highly important magnets, data-analytics-id=”inline-link” href=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ target=”_blank” data-url=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>WSJ reports. Although this investment is designed to increase America’s home-grown supply of magnets, which are critical to a number of manufacturing industries, scaling up production can take years, so this is unlikely to solve the U.S….

Texas-based rare-earth magnet company, Noveon Magnetics, has raised $215 million from investors to expand its U.S. operations in an effort to improve American access to these highly important magnets, data-analytics-id=”inline-link” href=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ target=”_blank” data-url=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>WSJ reports. Although this investment is designed to increase America’s home-grown supply of magnets, which are critical to a number of manufacturing industries, scaling up production can take years, so this is unlikely to solve the U.S….