Neo Performance Materials Inc. recently announced it has entered into a loan agreement with Export Development Canada for a term loan of up to US$50 million to finance the on-going construction of the sintered magnets facility in Narva, Estonia […]
Early next year, Seong-An Co., Ltd. of the Republic of Korea, traditionally a textile company, is expected to begin, or advance closer to beginning, its new phase as a sizeable manufacturer of magnets as well […]
Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
150-years-young Orica has come up with a truly explosive way to apply the power of magnetic inductance that is rocking the mining industry. In the world of mining, innovation is not just a buzzword, asserts the company, it’s a necessity. As mines delve deeper and face increasingly challenging conditions, the need for advanced technologies becomes paramount. […]
From September, the plant will be producing 50 tons of high-performance sintered magnets a year. […]
Precision, reliability, and efficiency are essential in industries like plastic processing and semiconductor manufacturing, where equipment must handle varying loads and temperature-sensitive processes. The ASR-SK Series Solid-State Relays (SSRs) offer a solution for these challenges with features like zero-crossing or random-on switching, SCR output, and integrated heatsinks. […]
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