Summary

Companies Korean firm plans factory that alone could meet half U.S. demand

Chinese Apple supplier to open magnet plant this year -sources

Vietnam’s rare earths deposits second only to China’s

China dominates world’s magnet supply

HANOI/SEOUL, Aug 22 (Reuters) – Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S.

Exclusive: Rare earths magnet firms turn to Vietnam in China hedge comes via ChinaTechNews.com.