Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers

Proxima Fusion announced plans to invest 140 million euros in manufacturing high-temperature superconducting magnets for its commercial fusion power plant. The German company will build a factory to produce the magnets internally rather than relying entirely on Asian suppliers who currently dominate the market. High-temperature superconducting magnets are a key component in fusion reactor design.

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