LG Innotek develops eco-friendly magnet – It could be a major breakthrough

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LG Innotek, a major electronics components manufacturer, has claimed that it has developed a new eco-friendly magnet that reduces the use of heavy rare-earth metals, a key ingredient of magnets, by 60% compared to previous ones.

If the new magnet lives up to what the company claims then it would be an important development for the electronics industry on the whole.

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