Materials/Manufacturing

Magnet & Rare Earth Exports Become Key Levers in Growing USA–China Trade War 

Exports of rare earth magnets from China have become key targets in the growing tariffs war between the USA and China. The latest developments represent a dramatic escalation in the focus on magnetic rare earth materials – especially heavy rare earths — as a potent tool in trade policy, and have heightened attention globally to the issue of China’s dominance in the global supply chain. […]

Materials/Manufacturing

Neo Reports Robust Performance, New Euro PM Plant Nearing Completion, China Operation Sold to Shenghe Resources 

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. […]

Materials/Manufacturing

thyssenkrupp Modernizes Plant for Thin-Sheet Electrical Steel 

thyssenkrupp Steel has put into operation a new high-tech annealing and isolating line for producing electrical steel in Bochum, Germany. Part of a modernization project, the modern and energy-efficient plant in the Ruhr Valley now can manufacture up to 0.2 mm thin electrical sheet with particularly homogeneous mechanical and magnetic properties tailored for advanced EV motors. […]