South Korean cable and electrical equipment manufacturer LS Cable & System Ltd (LS) announced that it is looking to build a rare earth permanent magnet manufacturing facility in the US, with the aim of helping to meet growing demand for electric vehicle (EV) drive motors and automotive electronics. LS also expects strong demand growth for rare-earth magnets to come from the electronics, aerospace, defence, robotics, and wind power generator industries, as well as from a growing number of urban air mobilit ...