Brugger Magnetsysteme, a producer of magnet assemblies and a specialist in molded magnets, has recently added two new lines to its array of products for workholding applications. Suction cup magnet systems are innovative designs for […]
The idea of magnetic graphene has been fantasized over since the discovery of graphene. But, is it really possible to achieve magnetic properties with graphene? That is a provocative question posed, ironically, by Nanografi Nano […]
MP Materials has received a $58.5 million federal tax credit to support the construction of its rare earth magnet manufacturing plant in Fort Worth, Texas. The Section 48C Advanced Energy Project tax credit allocation was issued by the IRS and Treasury following a competitive, oversubscribed process administered by the Department of Energy that evaluated the technical and commercial viability and environmental and community impact of approximately 250 projects. A similar award for a $111 million tax credit went to an American subsidiary of Vacuumschmelze recently for its new magnet plant in South Carolina, as reported earlier in Magnetics Magazine. […]
Cyclic Materials, a startup advanced metals recycling company in Canada intent on building a circular supply chain for rare earth elements (REEs) and other critical metals, has expanded its operations to accept two new feedstock […]
Running from January 2024 to December 2026, Magellan Project aims to revolutionize the way Europe recycles and manufactures permanent magnets. With co-funding from the European Union and a total budget of €7.5M, the project is […]
Aiming to become a vertically integrated mine-to-magnet producer, Australian Strategic Materials reports that it is now steadily manufacturing neodymium metal and alloy at its new Korea Metals Plant, while making progress in the development of its rare earths mine site in Australia. […]
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. […]
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