The global neodymium market size is expected to reach USD 3.39 billion by 2028. It is expected to expand at a CAGR of 5.3% from 2021 to 2028. The demand for electrical and electronic products […]
Amazing Magnets is planning to relocate its business operations from Anaheim, California and building a state-of-the art global headquarters in Round Rock, Texas. The new 40,000 square-foot building will have an engineering design workspace, a […]
Permanent magnets (PM) are the heart of the drive systems used in the e-Mobility industry. The stronger the magnet is, the higher the higher the motor’s output and the smaller and lighter the motor can be built. But a powerful magnet must also be able to resist demagnetization by heat or a magnetic opposite field. The Dutch company Bakker Magnetics uses two new techniques with which permanent magnets can be produced even stronger and more robust: Grain Boundary Diffusion (GBD) and Grain Refining Technology (GRT). Major advantage: less Heavy Rare Earth Elements (HREE) are used. […]
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 […]
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