Materials/Manufacturing

Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC 

Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]

Materials/Manufacturing

Meteoric Opens Pilot Plant for Processing Rare Earths in Brazil 

Meteoric Resources, an emerging player in the rare earths sector from Australia, has opened its Caldeira Rare Earth Project pilot plant in Minas Gerais, Brazil. The plant is located at Meteoric’s Innovation & Research Center in Poços de Caldas and represents an important step in the development of future operations of the project.  […]

Materials/Manufacturing

Niron Sets Path to Establish Manufacturing of Rare Earth-Free Magnets 

Planning to be operational in 2027 at a 190,000-square-foot manufacturing plant now under construction in Minnesota, Niron Magnetics is striding forward on several fronts aimed at establishing commercial-level production of its rare earth-free magnets. It has plans for a second facility producing 10,000 tons annually in 2029. The company has attracted over $300 million in investments from commercial partners including Stellantis, General Motors, and Samsung.  […]

Materials/Manufacturing

Epson Atmix Opens $38 Million Recycling Facility in Japan 

Epson Atmix Corporation, a group company of Seiko Epson Corporation based in Aomori, Japan, has completed construction of a new $38 million metal recycling facility at Kita-Inter Plant No. 2. The new center will recycle used metals from the Epson Group’s operations and the local community to produce raw materials for Atmix’s metal powder products. […]

e-Power Technology

ArcelorMittal Makes Upgrades to Its Electrical Steel Line, Opening New Factory in France 

Getting ready to launch a new electrical steel manufacturing plant in France, ArcelorMittal has recently made upgrades to its electrical steel product line including higher polarization and coating features along with improved low-loss grades for e-traction. […]