Rare earths magnet firms turn to Vietnam in a move to diversify away from China

Rare earths magnet firms turn to Vietnam in a move to diversify away from China

Photo: Jack Goren on Unsplash

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-US tension.