US NdFeB Magnet Supply Chain China Dependence Explained

China's dominance in the US sintered NdFeB magnet supply chain has increased, with China supplying over 85% of direct magnet imports to the US in 2025, while up to 60% of US demand is met through magnets embedded in finished goods. Despite new US magnet factories scaling, qualification, feedstock gaps, and reliance on sustained commercial demand remain key challenges for building a viable domestic supply chain.

This Wire brief sits within Fusion42's coverage of Industrial.