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 […]
Sinomag Technology, one of China’s largest producers of permanent magnet ferrite and soft magnetic products, has begun a new expansion to its sprawling production base and, also, recently received a key supplier award from Bosch. […]
Kendrion has opened a new factory in Suzhou that becomes its largest production site worldwide as the company aims to boost its revenue from China to €100 million by 2025. The plant will produce the […]
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. […]
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. […]
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. […]
MagREEsource, a spin-off of the CNRS-Institut Néel, is organizing a Euro 5 Million fundraising that will enable it to establish a 50-ton-per year magnet recycling facility this year in Grenoble, France with aims toward 500-ton […]
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