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LG InnotekKorea Joongang Daily
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72% Informative
LG Innotek said it has developed a high-performing magnet that requires zero heavy rare-earth metals in collaboration with the Korea Institute of Materials Science .
Magnets are necessary components in electronics devices like smartphone actuators, vehicle motors and audio speakers.
The replacement of heavy rare earth metals enables the company to reduce the cost of magnet production by 60 percent .
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