USA Rare Earth plans to start up neodymium magnet production next year at its plant in Stillwater, Oklahoma and to be supplying it with rare earth feedstock mined at its own Round Rock property in Texas in late 2025 or early 2026, reports CEO Tom Schneberger to Magnetics Magazine. […]
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 […]
Mkango Resources is paying up with the help of a new partner up to acquire full control of pioneering British magnet recycler HyProMag. The companies plan to build a plant in the U.S. next, rolling out further HyProMag’s technology for processing of magnet scrap using hydrogen, developed at the University of Birmingham. First production using the process is targeted for the UK this year, Germany in 2024 and the U.S. to follow as the Vancouver-based minerals company continues to pursue development of its Songwe Hill rare earths property in Africa. […]
Geomega Resources, a Canadian developer of clean and alternative technologies for the extraction, refining and recycling of rare earths and other critical materials, has decided to consolidate its operations into a single, larger location in […]
Bosch workers in Charleston, South Carolina at the company’s largest production facility in the USA are learning the intricacies of magnets and hairpin windings as it transitions from a diesel power manufacturing site to electric motor production to meet the new demands of electrification and e-mobility. Production of electric motors began there in October and additional capacity being added is expected to be operational by the end of this year as Bosch expands its long history of mobility-related manufacturing with new electrification products. […]
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. […]
Global chemicals giant Solvay has joined the Rare Earth Industry Association in its latest move to dramatically build its magnetics business. Planning to develop a major hub for rare earth magnets in Europe, the Belgian-based company has been beefing up its supply chain in addition to the latest step toward building its network of industry partners and potential customers. […]
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