Materials/Manufacturing

Materials/Manufacturing

Mistrial Declared in Federal Case Against Quadrant Magnetics 

April 29, 2025 Editorial Staff Comments Off on Mistrial Declared in Federal Case Against Quadrant Magnetics 

More than two years after the federal government charged Quadrant Magnetics related to sharing product design information with affiliate contacts in China, a mistrial has been declared at the U.S. District Court in Louisville, Kentucky in the government’s case against the company. According to a report in the Louisville Courier Journal on March 19, it’s the latest twist in the high-profile case centered around confidential U.S. military data allegedly sent to China by company officials. The case is now in limbo, prosecutors could retry it, with a jury trial tentatively set to begin in late May.   […]

Materials/Manufacturing

Cyclic Materials to Invest Over $20M in its First Magnet Recycling Plant in U.S. 

April 23, 2025 Editorial Staff Comments Off on Cyclic Materials to Invest Over $20M in its First Magnet Recycling Plant in U.S. 

April 23, 205 – Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over $20 million in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global rare earth element recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle process. […]

Materials/Manufacturing

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

April 15, 2025 Editorial Staff Comments Off on 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 

April 3, 2025 Editorial Staff Comments Off on 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. […]