Recent declines in prices for rare earth magnetic materials are evident in the latest financial reports of leading producers, with the impact varying by their activities and positions in the market. This article deals with the quarterly reports for the three months ended June 30 which have been issued by three companies – MP Materials, Neo Performance Materials and Lynas Rare Earths. […]
The global market for permanent magnets is forecast to grow at a robust clip of more than 13.2% annually over the next five years, reaching a value of $56.7 billion in 2027, according to a […]
Despite prices for magnetic materials dropping recently from record highs, the outlook is strong for Neo Performance Materials’ plan to build a 100-million Euro rare earth magnet plant in Estonia. It recently received a sizeable government grant to support the effort, while higher-than-expected future demand is driving the company to consider expanding the plant’s capacity. […]
Neo Performance Materials reports strong financial results for the most recent year with its Magnequench unit, considered a bellwether for the magnetics industry, rebounding dramatically in both sales volume and revenues amidst an environment of […]
Neo Performance Materials, considered a bellwether for the health of the magnetics industry and market, rebounded strongly from the Covid-19 slump in the most recent quarter with a gain of 44% in revenue over the […]
Neo Performance Materials reports a sharp rebound in business as automotive and industrial markets that it serves bounce back from the Covid-19 slump. Considered a bellwether of the magnetics industry, the company released on March 22 its financial […]
Neo Performance Materials Inc. announces that, due to increased demand, its Magnequench segment intends to significantly expand its capacity to produce compression-molded NdFeB (“neodymium-iron-boron”) magnets and assemblies, used in the automotive, electronics, home appliance and […]
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