## Investment for Strategic Independence Texas-based Noveon Magnetics has announced a $215 million funding round to expand its U.S. operations. This initiative aims to strengthen the American supply chain for rare-earth magnets, essential components in the production of hard disk drives (HDDs) and other technological applications. The move is part of a broader effort to reduce reliance on Chinese supplies of these critical materials. Approximately $630 million is expected to be invested in reshoring initiatives in the United States in 2025, signaling a growing commitment to self-sufficiency in strategic sectors. ## General Context Rare earths are a group of 17 chemical elements used in a wide range of applications, including consumer electronics, electric vehicles, renewable energy, and defense. China currently dominates the production and processing of these materials, which has raised concerns about supply security and the vulnerability of global supply chains.