NdFeB magnets

Materials/Manufacturing

MP Materials Restores U.S. Rare Earth Magnet Production

January 22, 2025 Editorial Staff Comments Off on MP Materials Restores U.S. Rare Earth Magnet Production

MP Materials has reached a pivotal milestone in restoring the U.S. rare earth magnet supply chain. The company’s flagship Independence facility in Fort Worth, Texas, has commenced commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets. These achievements bring the U.S. closer to reestablishing a fully integrated, domestic supply chain for these critical components for the first time in decades. […]

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. […]

Materials/Manufacturing

Neo Performance Materials To Expand NdFeB Magnet Manufacturing Capacity In Response To Increasing Demand

August 18, 2020 Editorial Staff Comments Off on Neo Performance Materials To Expand NdFeB Magnet Manufacturing Capacity In Response To Increasing Demand

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 […]