The rare-earth crisis, which peaked in the summer of 2011 with the prices of both light and heavy rare earths soaring to unprecedented levels, brought about the widespread realization that the long-term availability and price stability of rare earths could not be guaranteed. This triggered a rapid response from manufacturers involved in rare earths, as well as governments and national and international funding agencies. In the case of rare-earth-containing permanent magnets, three possibilities were given quick and serious consideration: (I) increased recycling of devices containing rare earths; (II) the search for new, mineable, rare-earth resources beyond those in China; and (III) the development of high-energy-product permanent magnets w...