In the field of bonded neo magnets, a comprehensive understanding of magnetic materials and their behaviour under various temperature conditions is invaluable when addressing the challenges of magnet flux loss – a pivotal focus for motor engineers. […]
Neo Performance Materials Inc. recently announced that its new permanent magnet facility in Estonia has shipped sintered magnet samples for a Tier 1 traction motor customer meeting specific magnetic properties. This milestone marks a significant step forward in Neo’s commitment to providing high-performance materials for the electric vehicle market. […]
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. […]
Neo Performance Materials Inc. recently announced it has entered into a loan agreement with Export Development Canada for a term loan of up to US$50 million to finance the on-going construction of the sintered magnets facility in Narva, Estonia […]
Neo Performance Materials’ subsidiary in Estonia, NPM Narva, also known as Magnequench Sintered Magnets, is finalizing a contract award to supply sintered rare earth magnets to a leading European Tier 1 supplier of electric vehicle […]
Weak prices for rare earths have hit American producer MP Materials recently, reporting in its latest financials a 51% drop in prices for the rare earth oxides (REO) that it mines near Las Vegas, Nevada. […]
Neo Magnequench recently broke ground on construction of the first rare earth magnet manufacturing facility in Europe designed to produce specialized rare earth permanent magnets for use in electric vehicles, wind turbines, and other clean energy technologies. […]
Copyright © 2025 | MH Magazine WordPress Theme by MH Themes