Materials/Manufacturing

e-Power Technology

MP Materials & Sumitomo Forge Rare Earth Supply Pact for Japan; MP Continues Dramatic Growth 

February 21, 2023 Editorial Staff Comments Off on MP Materials & Sumitomo Forge Rare Earth Supply Pact for Japan; MP Continues Dramatic Growth 

MP Materials and Sumitomo Corporation have forged a rare earths supply agreement which they say will diversify and strengthen rare earth supplies in Japan. Under the agreement, announced February 21, Sumitomo will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers. Further, the companies will collaborate on the supply of rare earth metals and other products. […]

Materials/Manufacturing

Proterial New Name for Hitachi Metals, as It Proposes Ferrite Magnets for EV Motors  

January 3, 2023 Editorial Staff Comments Off on Proterial New Name for Hitachi Metals, as It Proposes Ferrite Magnets for EV Motors  

Flush on the closing of its acquisition by an investment consortium, Hitachi Metals tomorrow becomes Proterial as it positions for its NMF 15 ferrite magnets to become an alternative to the industry-standard neodymium magnetic material for electric vehicle traction motors. […]