Minnesota's Iron Range: A Hidden Key to Breaking China's Magnet Monopoly

Once the Backbone of America's Industrial Strength

For over 150 years, Minnesota's Iron Range supplied iron ore that built the nation's infrastructure and helped win wars. Today, it holds the potential to break China's dominance in the magnet market.

China's Magnet Monopoly

China currently controls 90% of global magnet production. This monopoly has been weaponized, with exports to the U.S. dropping by 81% this year alone. American industries are scrambling for alternatives.

Niron Magnetics: Changing the Game

A new player, Niron Magnetics, is building a plant in Sartell, Minnesota. This facility will produce magnets using iron from the Mesabi Range and nitrogen from the air, eliminating reliance on China for critical materials.

Breakthrough Technology

The technology behind this breakthrough came from the University of Minnesota. Researchers solved a problem that had stumped scientists since the 1950s. This innovation could help the U.S. reduce its dependence on China for magnets, which are crucial for national security.

The Demand for Magnets

China's monopoly didn't happen overnight. It took decades and billions of dollars to achieve. But Minnesota still has the workforce and resources to compete. The demand for these magnets is huge, with industries like electric vehicles and wind energy needing them in large quantities.

The New Plant in Sartell

The new plant in Sartell is a step in the right direction. By 2027, it aims to produce 1,500 tons of magnets annually. This could help break China's stranglehold on the market. It's a chance for Minnesota to reclaim its place as a leader in advanced manufacturing.