Aclara Resources Inc. has announced that it has signed a Memorandum of Understanding with VACUUMSCHMELZE GmbH & Co. KG (“VAC”), which establishes a non-binding, non-exclusive, preliminary agreement, to jointly approach potential clients as a “mine-to-magnets” […]
e-VAC Magnetics, part of Vacuumschmelze, has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit to advance the construction of its first USA magnet manufacturing facility in Sumter, South Carolina. The facility was […]
Adapting a century-old concept to modern technology and green energy demands, Finnish company Norsepower is bringing its novel rotor sails onboard a variety of marine vessels to help propel them through ocean waters. The company recently scored a number of contracts to place its auxiliary wind propulsion systems with leading fleet operators as demand mounts for greener shipping in the world’s seas. Separately, a Korean research group is investigating the use of magnetically levitated bearings to adapt rotor sails for use in coastal waters where wind is more variable. […]
Neo Magnequench recently broke ground on construction of the first rare earth magnet manufacturing facility in Europe designed to produce specialized rare earth permanent magnets for use in electric vehicles, wind turbines, and other clean energy technologies. […]
The November/December issue of Magnetics Magazine will have a special theme feature recognizing Sustainability Achievements. Companies and organizations are invited to submit information about their sustainability programs and achievements. All participants will be considered for […]
SKF and Wolong Electric Group are expanding their lines of business in the growing market for magnetic bearings and high-speed levitation motors. SKF is opening a new plant in Morocco to ramp up production of its magnetic bearings and, jointly, the two companies are cooperating to apply the bearings to more high-speed motor and drive products. […]
Adamas Intelligence has announced the publication of its latest annual report, “Rare Earth Magnet Market Outlook to 2040”. The report is a comprehensive deep dive into the global market for NdFeB permanent magnets and the […]
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