China

e-Power Technology

Korean Steelmaker POSCO Establishes ‘China Excluded’ Supply Chain for Rare Earth Magnets in Big Expansion for EV Drivetrain Components 

March 19, 2024 Editorial Staff Comments Off on Korean Steelmaker POSCO Establishes ‘China Excluded’ Supply Chain for Rare Earth Magnets in Big Expansion for EV Drivetrain Components 

Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]

e-Power Technology

LG Innotek Challenges Japan and China Dominance in Fundamental Magnetics Innovation 

May 1, 2023 Editorial Staff Comments Off on LG Innotek Challenges Japan and China Dominance in Fundamental Magnetics Innovation 

With accolades for its new Nexlim, which it calls “the world’s thinnest magnetic component”, and the recent development of its “eco magnet”, Korean materials and components company LG Innotek is making impressive headway in challenging the dominance of companies in China and Japan for leadership of innovation in fundamental magnetics technology.  […]

e-Power Technology

Japan Ponies Up Another AUDS$200 Million to Secure Rare Earths from Lynas 

March 21, 2023 Editorial Staff Comments Off on Japan Ponies Up Another AUDS$200 Million to Secure Rare Earths from Lynas 

Amidst rising demand for rare earth minerals to supply magnets for manufacturers of motors for electric vehicles and for wind turbines, Japan has committed another AUDS$200 million to Australian producer Lynas Rare Earths for a favored supply chain. The latest tranche, worth about US $135 million, brings total commitment up to about US$400 million.  […]

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. […]