Magnequench

Materials/Manufacturing

Neo Reports Robust Performance, New Euro PM Plant Nearing Completion, China Operation Sold to Shenghe Resources 

April 3, 2025 Editorial Staff Comments Off on Neo Reports Robust Performance, New Euro PM Plant Nearing Completion, China Operation Sold to Shenghe Resources 

Neo Performance Materials reported strong profit increases in its full-year financial report for 2024, issued March 18. Highlights for its Neo Magnequench unit included a solid gain in earnings despite lower revenues, and continued progress in the construction of its new permanent magnet plant in Europe. In a separate announcement, the company reported on April 1 that as part of a corporate streamlining effort it completed the sale of most of its interest in a rare earth separations operation in China for about $28 million to an affiliate of Shenghe Resources. […]

Materials/Manufacturing

Magnetic Materials Producers Report Impact of Rare Earth Price Declines 

August 22, 2024 Editorial Staff Comments Off on Magnetic Materials Producers Report Impact of Rare Earth Price Declines 

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.  […]

Materials/Manufacturing

Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

November 15, 2022 Editorial Staff Comments Off on Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

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. […]