China

e-Power Technology

Feintool Reports Business Strong for e-Motor Cores in Asia & North America but Slow in Europe; Makes Advancement to Its ‘glulock’ Technology 

April 17, 2025 Editorial Staff Comments Off on Feintool Reports Business Strong for e-Motor Cores in Asia & North America but Slow in Europe; Makes Advancement to Its ‘glulock’ Technology 

Feintool, a global manufacturer of electrical steel laminations for EV motors, reports it has won a large order for e-motor cores in China where growth is robust but the company is making cutbacks in Europe due to declines there where EV production has outpaced sales. Activity remains strong in Japan and North America, it says.
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Materials/Manufacturing

Magnet & Rare Earth Exports Become Key Levers in Growing USA–China Trade War 

April 15, 2025 Editorial Staff Comments Off on Magnet & Rare Earth Exports Become Key Levers in Growing USA–China Trade War 

Exports of rare earth magnets from China have become key targets in the growing tariffs war between the USA and China. The latest developments represent a dramatic escalation in the focus on magnetic rare earth materials – especially heavy rare earths — as a potent tool in trade policy, and have heightened attention globally to the issue of China’s dominance in the global supply chain. […]

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. […]

News

China’s Resistive Magnet Sets New World Record 

October 24, 2024 Editorial Staff Comments Off on China’s Resistive Magnet Sets New World Record 

A resistive magnet in China has produced a steady magnetic field of 42.02 Tesla, setting a new world record for magnets of its kind. The magnet was developed by the High Magnetic Field Laboratory (CHMFL) of the Hefei Institutes of Physical Science, the Chinese Academy of Sciences. […]

Materials/Manufacturing

Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

October 15, 2024 Editorial Staff Comments Off on Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]