Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]
Led by a decline in volume and revenues from its Magnequench magnetic materials segment, Neo Performance Materials saw revenues fall 10.3% in 2019, as the company reported in its year-end financials in March. Yet the company posted […]
Neo Performance Materials Inc. has acquired a magnet manufacturing plant near Shanghai for $9.7 million where it will produce compression molded magnets using its Magnequench Neodymium-Iron-Boron (NdFeB) powders. Separately, the company reports that it experienced an […]
By Dr. Nimitkumar Sheth, Applications Technology Manager – Molycorp Magnequench Heavy rare earths have been most affected by the escalation of rare earth prices. This has driven motor manufacturers to look for lower cost alternatives […]
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