Commerce opens Section 232 investigation into neodymium magnets

The Commerce Department has launched an investigation into imports of neodymium-iron-boron permanent magnets over national security concerns, Commerce Secretary Gina Raimondo announced on Friday. “The Department of Commerce is committed to securing our supply chains to protect our national security, economic security, and technological leadership,” Raimondo said in a statement . “Consistent with President Biden’s directive to strengthen our supply chains and encourage investments to shore up our domestic production, the Department initiated a Section 232 investigation on imports of...