Asia-Pacific Dominance: Why 60% of Rare Earth Motor Production is Concentrated in China
The global rare earth motor industry is undergoing a significant transformation, with the Asia-Pacific region, particularly China, emerging as the dominant player. Today, China accounts for approximately 60% of the world’s rare earth motor production, a staggering figure that underscores its pivotal role in this critical sector. But what factors have contributed to this dominance? […]
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