Weak prices for rare earths have hit American producer MP Materials recently, reporting in its latest financials a 51% drop in prices for the rare earth oxides (REO) that it mines near Las Vegas, Nevada. […]
Magnetic Shield, a manufacturer of magnetic shielding materials and products, has expanded the building at its headquarters in Bensenville, Illinois northwest of Chicago to accommodate greater inventory and increased capabilities. The new 7,000 sq ft […]
National Electronic Alloys, a distributor of specialty metals and alloys – including many magnetic alloys, has acquired distributor Ed Fagan Inc., building a larger enterprise and establishing a new parent company name of EFINEA in […]
Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October. […]
Advanced Magnet Lab is progressing with the development toward commercial manufacturing of its PM-Wire magnets, having received a new patent related to its “powder-in-tube” process for manufacturing them and, separately, forging an expanded business relationship […]
A torrent of financing commitments and infrastructure development are centered around Hastings Technology Metals of Perth, Australia as it builds toward the start of production in early 2025 at its Yangibana Rare Earths Project in remote Western Australia. […]
For design engineers, simulations can be important tools in the product development process but actual performance by a prototype is a welcomed step better. That’s the status at materials company Proterial where a prototype motor built with its innovative new ferrite magnets confirmed the promising results from an earlier simulation model – challenging the performance of neodymium magnets in EV motors. Separately, the company announced that it is embracing artificial intelligence techniques in its efforts to develop more new advanced materials serving a variety of markets. […]
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