magnet factory

Materials/Manufacturing

LabFab in Brazil Emerges as New Magnet Factory in South America

June 23, 2025 Editorial Staff Comments Off on LabFab in Brazil Emerges as New Magnet Factory in South America

With the emergence of LabFabITR as a new government-supported magnet factory in southeastern Brazil, South America is joining other continents that are building their capability to manufacture magnets domestically. Development of new rare earth mines and building a magnet recycling industry are related aspects of the grand plan, centered in the minerals-rich state of Minas Gerais. […]

e-Power Technology

MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

December 9, 2021 Editorial Staff Comments Off on MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

MP Materials Corp. (NYSE: MP) announced today that it will build its initial rare earth (RE) metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The company also announced that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023. […]