Neodymium Archives - Magnetics Magazine

DoD Awards Contract to Lynas to Build Rare Earths Plant in Texas

March 22, 2021 Editorial Staff Comments Off

The U.S. Department of Defense wants to see bags of processed rare earth sitting on domestic soil, feeding the production of neodymium magnets in a politically secure supply chain. Its latest move toward the objective came in February when Australian-based Lynas Rare Earths Ltd, the largest rare earth element mining and processing company outside of China, was awarded a technology investment contract by DoD to build a rare earths processing plant in Texas. […]

Flexible Magnets Manufacturer Maghold Expands North America Operations

October 22, 2020 Editorial Staff Comments Off

Magnetic media manufacturer Maghold Llc of Rancho Cucamonga, California has relocated its headquarters and warehouse to a new, expanded site with increased inventory and distribution capabilities. The new premises include 2 large warehouse spaces to almost triple their previous location. “We have moved into […]

FDA Clears New Hearing Implant System From Cochlear

August 10, 2020 Editorial Staff Comments Off

Cochlear Limited, a global developer of implantable hearing solutions, recently received U.S. Food and Drug Administration (FDA) clearance of its new Cochlear Osia 2 System that employs innovative sound magnets and magnetic attachment. The Osia System is the world’s first active osseointegrated steady-state implant (OSI), a new category of […]

Torqeedo Powers Through the Boat Market While Leading Diesel Engine Maker Deutz in Electrification Strategy

July 27, 2020 Editorial Staff Comments Off

Using Neodymium magnets and axial flux motor designs, electric motor developer Torqeedo of Germany is powering through a flurry of innovations to become one of the world’s leading manufacturers bent on electrifying marine mobility. At the same […]

Startup Neodymium Mine Goes Public on London Stock Exchange

July 14, 2020 Editorial Staff Comments Off

Itching for a piece of the action in a neodymium mining venture? Head for Angola or, more precisely, to the London Stock Exchange where you can buy shares of Pensana Rare Earths Plc, stock symbol PRE.L. It’s a […]

Goudsmit Develops Steel Sheet Separator with Fail-Safe Magnet & Assists Hyperloop Project in Netherlands

April 14, 2020 Editorial Staff Comments Off

Goudsmit Magnetics, a producer of magnetic systems based in The Netherlands, has recently developed an innovative fail-safe neodymium magnetic sheet separator and, in another project, is providing magnetics expertise to developers of a visionary hyperloop transportation project for Europe. Equipped with powerful neodymium magnets that […]

Permanent Magnet Market Will Rise to Nearly $37 Billion by 2027

March 31, 2020 Editorial Staff Comments Off

The global permanent magnets market size is projected to grow about 7.5% annually, rising to $36.9 billion in 2027 from its level of $20.7 billion in 2019, according to a market report by Grand View Research. […]