Unilin’s particle board plant now removes blocks of wood containing ferrous metals as much as four times more efficiently, thanks to a drum magnet from Bakker Magnetics. It is essential in the Belgian company’s efforts to substantially increase the proportion of recycled wood in particleboard. […]
Global chemicals giant Solvay and French rare earths consultancy Carester are planning to form a strategic partnership aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets value chain in Europe. The collaboration, announced in March as a signing of a memorandum of understanding, will enable both companies to enhance their respective strengths in the rare earths industry, with Solvay contributing its industrial assets and operational experience, and Carester bringing expertise in recycling end-of-life equipment, upstream market knowledge and related activities. […]
Proterial, formerly known as Hitachi Metals, has recently developed two magnetic materials that bring new capabilities to product design engineers – one is a laminated bonded amorphous alloy ribbon for motor cores in high-efficiency motors, the other a highly heat-resistant magnetic shielding sheet for electronic devices. […]
Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]
MP Materials has received a $58.5 million federal tax credit to support the construction of its rare earth magnet manufacturing plant in Fort Worth, Texas. The Section 48C Advanced Energy Project tax credit allocation was issued by the IRS and Treasury following a competitive, oversubscribed process administered by the Department of Energy that evaluated the technical and commercial viability and environmental and community impact of approximately 250 projects. A similar award for a $111 million tax credit went to an American subsidiary of Vacuumschmelze recently for its new magnet plant in South Carolina, as reported earlier in Magnetics Magazine. […]
Cyclic Materials, a startup advanced metals recycling company in Canada intent on building a circular supply chain for rare earth elements (REEs) and other critical metals, has expanded its operations to accept two new feedstock […]
ArcelorMittal Calvert, wholly owned by ArcelorMittal, is planning for an advanced manufacturing facility in Calvert, Alabama that could deliver 150,000 metric tons of domestic production capacity of non-grain-oriented electrical steel (NOES) annually, Because of its […]
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