I gotta say though, part of the blame can fall on Bush's Administration too. Moving such technology always requires the hand of present-day Gov't.
August 1, 2003
BAYH, VISCLOSKY CONTINUE TO FIGHT MAGNEQUENCH MOVE
Closure will cut 225 Northwest Indiana jobs, transfer sensitive defense technology to People’s Republic of China
Washington, D.C. – Senator Evan Bayh (D-Indiana) and Congressman Pete Visclosky (D-Indiana) are still working against the closure of the Magnequench factory in Valparaiso and its transfer to the People’s Republic of China.
snip
According to the Department of Defense, eighty percent of the rare-earth magnets used in production of “smart bombs” come from the Valparaiso facility.