Materials/Manufacturing

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. […]

Materials/Manufacturing

thyssenkrupp Modernizes Plant for Thin-Sheet Electrical Steel 

March 7, 2025 Editorial Staff Comments Off on thyssenkrupp Modernizes Plant for Thin-Sheet Electrical Steel 

thyssenkrupp Steel has put into operation a new high-tech annealing and isolating line for producing electrical steel in Bochum, Germany. Part of a modernization project, the modern and energy-efficient plant in the Ruhr Valley now can manufacture up to 0.2 mm thin electrical sheet with particularly homogeneous mechanical and magnetic properties tailored for advanced EV motors. […]

Materials/Manufacturing

Heraeus Remloy Launches Recycling Plant for Neodymium Magnets in Europe 

March 7, 2025 Editorial Staff Comments Off on Heraeus Remloy Launches Recycling Plant for Neodymium Magnets in Europe 

Europe has a new buyer of scrap magnets and rare earth magnetic materials for recycling into freshly minted powders for producing high-quality magnets. Precious metals company Heraeus has begun production at what is now the continent’s largest recycling plant for rare earth magnets.

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Channels

U.S. Navy Commits $45 Million to Leonardo DRS to Expand Submarine Propulsion Facility 

February 27, 2025 Editorial Staff Comments Off on U.S. Navy Commits $45 Million to Leonardo DRS to Expand Submarine Propulsion Facility 

Leonardo DRS announced February 24 that it has received a $45 million U.S. Navy Submarine Industrial Base investment commitment through contracts with Huntington Ingalls Industries’ (HII) Newport News Shipbuilding. The investment is expected to expand the […]

Materials/Manufacturing

Less Common Metals Forges Technical Advancements in Magnetic Alloys 

February 24, 2025 Editorial Staff Comments Off on Less Common Metals Forges Technical Advancements in Magnetic Alloys 

Less Common Metals, a refiner and leading producer of rare earth metals and alloys in the Western world, continues to expand its technical capabilities with the addition of more process equipment at its headquarters in England, with a newly designed molten salt electrolysis cell and through an innovative collaborative effort on magnet recycling. This article highlights some of the recent developments. […]