Researchers have received a grant to develop stronger magnets using feasible materials. The grant, nearly $3 million, is from the Department of Energy. Professors from the University of Houston and Rice are involved in the project.

The goal is to reduce reliance on foreign territories for rare Earth magnets. Further details about the project are available from the source.

The project is part of a broader push to invest in domestic production of rare Earth magnets, rather than relying on countries like China that mine these materials.