01/29/2024
Building on last week's post regarding groundbreaking magnet production advancements in the US, we're thrilled to share a pivotal development out of Nevada: A newly introduced production tax credit that aims to incentivise manufacturers using rare earth magnets made in the US.
This legislative move not only addresses environmental concerns by circumventing several stages in the production process that face strict regulations but also has the potential to reduce production costs leading to a promising opportunity to lower the cost of some products such as cell phones.
Explore the article below to learn how this legislative stride, championing magnetic recycling, translates into a tangible investment in domestic manufacturing.
https://www.reviewjournal.com/news/politics-and-government/nevada/how-u-s-cellphone-industry-would-get-boost-from-cortez-masto-bill-2966283/