GM

Materials/Manufacturing

Aclara Resources Building Vertically Integrated Mines-to-Magnets Enterprise in the Americas 

February 18, 2025 Editorial Staff Comments Off on Aclara Resources Building Vertically Integrated Mines-to-Magnets Enterprise in the Americas 

Aclara Resources is set for a transformative year with several key milestones on the horizon, says CEO Ramon Barua, who recently updated Magnetics Magazine on the status of the company’s projects. The developing operations span multiple countries in the Americas including Brazil, Peru, Canada and the United States as it forges a fully integrated mines to magnets business that is decidedly devoid of China.
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Materials/Manufacturing

Niron Magnetics Secures Funding from Samsung Ventures & Auto Heavyweights to Accelerate Production of Rare Earth-Free Magnets 

May 20, 2024 Editorial Staff Comments Off on Niron Magnetics Secures Funding from Samsung Ventures & Auto Heavyweights to Accelerate Production of Rare Earth-Free Magnets 

Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]

Materials/Manufacturing

Now Investor-Owned, VAC to Build Big Magnet Factory in South Carolina 

January 4, 2024 Editorial Staff Comments Off on Now Investor-Owned, VAC to Build Big Magnet Factory in South Carolina 

Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October.  […]

e-Power Technology

MP Materials Begins Construction of Magnetics Factory, Cements Supply Deal with General Motors 

May 18, 2022 Editorial Staff Comments Off on MP Materials Begins Construction of Magnetics Factory, Cements Supply Deal with General Motors 

MP Materials has begun construction of its previously announced rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, marking a significant return of magnet manufacturing operations in North America. The facility is […]