By 2030 annual production of EVs is expected to increase roughly ten-fold to 25-30 million, creating a need to more than double global supply of the rare earth elements, neodymium and praseodymium (NdPr), to meet the EV traction motor market requirement.
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. […]
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 […]
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 […]
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 […]
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 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 […]