Mkango Resources is paying up with the help of a new partner up to acquire full control of pioneering British magnet recycler HyProMag. The companies plan to build a plant in the U.S. next, rolling out further HyProMag’s technology for processing of magnet scrap using hydrogen, developed at the University of Birmingham. First production using the process is targeted for the UK this year, Germany in 2024 and the U.S. to follow as the Vancouver-based minerals company continues to pursue development of its Songwe Hill rare earths property in Africa. […]
This White Paper from Arnold Magnetics describes the magnetization losses that are possible in SmCo and NdFeB permanent magnet materials. Reversible losses are first discussed followed by irreversible losses, which can be caused by temperature, external fields or radiation. Losses over time by magnetic viscosity are also discussed. Finally, permanent losses caused by corrosion, hydrogen, high temperatures and radiation are considered.
Adamas Intelligence has announced the publication of its latest annual report, “Rare Earth Magnet Market Outlook to 2040”. The report is a comprehensive deep dive into the global market for NdFeB permanent magnets and the […]
MyP Magnetica Italiana, a producer of flexible magnets and distributor of magnet products, reports that it is planning to expand internationally with the establishment of a new operations and commercial headquarters in Brazil. Based in […]
The global permanent magnets market size is projected to reach approximately $39.7 billion by 2030., expanding at a compound growth rate of 8.4% annually, according to a new market report which focuses particularly on medical […]
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. […]