Neo Performance Materials

Materials/Manufacturing

Neo Performance Materials and Energy Fuels Begin Shipments to Launch US-to-Europe Rare Earth Supply Chain

July 15, 2021 Editorial Staff Comments Off on Neo Performance Materials and Energy Fuels Begin Shipments to Launch US-to-Europe Rare Earth Supply Chain

Marking an important step in the creation of a new United States-to-Europe rare earth supply chain, the first container of mixed rare earth carbonate produced by Energy Fuels at its White Mesa Mill in Utah is en route to Neo Performance Material’s rare earth separations facility in Estonia. Additional shipments of the carbonate are expected to follow as Energy Fuels continues to process more of the natural monazite sand ore, mined in the American state of Georgia by Chemours, for both the rare earth elements and naturally occurring uranium that it contains. […]

Materials/Manufacturing

Neo Performance Materials and Energy Fuels Launch Joint Initiative for U.S.-European Rare Earth Production

March 3, 2021 Editorial Staff Comments Off on Neo Performance Materials and Energy Fuels Launch Joint Initiative for U.S.-European Rare Earth Production

Neo Performance Materials and Energy Fuels Inc. are joining forces in a major new rare earth production initiative spanning European and North American critical material supply chains. The initiative will produce value-added rare earth products from natural monazite sands, a byproduct of […]

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 […]

Materials/Manufacturing

Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

August 11, 2020 Editorial Staff Comments Off on Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

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 […]

Magnetics/Assemblies

Revenues Fall in 2019 for Neo Magnequench but Robust Growth Seen in Advanced Automotive Side of the Business

April 20, 2020 Editorial Staff Comments Off on Revenues Fall in 2019 for Neo Magnequench but Robust Growth Seen in Advanced Automotive Side of the Business

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 […]