Where do you suppose they are getting their magnets now? Investors beware...the Chinese have a fully integrated magnet supply chain, and they control ours as well, to include all rare earth magnets. You pay their price for their products, or you go without. We are in Year 2 of the great magnet hiatus in the US.
Major magnet manufacturers in the USA include Arnold Magnetic Technologies (industrial/permanent), MP Materials (rare earth), Niron Magnetics (rare-earth-free), and Magnum Magnetics (flexible magnets). These companies, along with others like K&J Magnetics and USA Rare Earth, serve sectors including automotive, defense, and electronics, with growing domestic production focusing on reducing reliance on overseas supply chains.