The global permanent magnet market is expected to grow about 12% annually and reach more than $46 billion in revenues in 2026, according to a new market research study. The analysts predict it will grow […]
Neo Performance Materials has made a binding agreement with Hudson Resources to acquire an exploration license covering Hudson’s rare earth property in Greenland. The investment represents a key step in Neo’s mines-to-magnet vertical integration strategy and its plans to expand into rare earth permanent magnet manufacturing in Estonia. […]
JL Mag has fired up the sintering furnaces at Baotou, its second production location in China. The company is expecting to reach an output of 8,000 metric tons of high-grade neodymium magnets this year at […]
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 […]
Amidst skyrocketing prices for neodymium rare earths, with $30 million in new funding from the Australian government, and with South Korea stepping up to position itself as a favored buyer, Arafura Resources is gaining momentum […]
Swiss motor manufacturer Portescap has opened a new engineering laboratory in India and, separately, has developed a new high-speed motor with a specialized coil design for enhancing magnetic flux. The new laboratory at its Mumbai […]
Servo motors are at the heart of modern gimbals, allowing them to move and position components in tracking and communication equipment for military and surveillance devices, navigation systems, industrial robots as well as drones and […]
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