The demand for smarter, more efficient industrial operations is growing rapidly, driven by automation, electrification and the need for uninterrupted uptime. Traditional charging and power transfer methods remain a bottleneck in industries such as intra […]
Nidec Motor Corporation and Noveon Magnetics have made a 5-year, binding off-take agreement with the potential to supply more than 1,000 tons of total off-take of finished sintered NdFeB rare earth magnets to support Nidec’s […]
Neo Performance Materials reported strong profit increases in its full-year financial report for 2024, issued March 18. Highlights for its Neo Magnequench unit included a solid gain in earnings despite lower revenues, and continued progress in the construction of its new permanent magnet plant in Europe. In a separate announcement, the company reported on April 1 that as part of a corporate streamlining effort it completed the sale of most of its interest in a rare earth separations operation in China for about $28 million to an affiliate of Shenghe Resources. […]
Based on their successful joint development with a European OEM on magnet-free electric motor technology, top-tier automotive supplier Valeo is now extending its portfolio of the externally excited synchronous motors (EESM) towards upper segment vehicles […]
March 26, 2025 – Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately […]
Arafura Rare Earths has executed an offtake agreement with Traxys Europe, a global minerals trader based in Luxembourg, for the sale of NdPr oxide from Arafura’s Nolans Project in Australia. Contract volume is 100 tons […]
With the increasing adoption of renewable energy and EV fast-charging stations, the demand for high-power power supplies is growing. Transformers used in power supplies are expected to be smaller, more efficient, and generate less heat. […]
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