Recent declines in prices for rare earth magnetic materials are evident in the latest financial reports of leading producers, with the impact varying by their activities and positions in the market. This article deals with the quarterly reports for the three months ended June 30 which have been issued by three companies – MP Materials, Neo Performance Materials and Lynas Rare Earths. […]
A new industrial-scale rare earth oxides separation plant is scheduled to start up soon in Norway. Located in Heroya, the plant belongs to REEtec which has been operating a demonstration plant at the site since […]
Two efforts to build a supply chain in Europe for rare earth resources and magnets are bringing together a cluster of industry and academic players spanning the continent — and reaching even to Beatrice, Nebraska in the USA for processing ore samples from an idyllic field in Norway. Among entities linked to the projects are research technology development firm RTD Talos in Cyprus, research institute SINTEF in Norway, along with REE Minerals in Norway and American processing firm Rare Earth Salts in Nebraska. […]
Global chemicals giant Solvay and French rare earths consultancy Carester are planning to form a strategic partnership aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets value chain in Europe. The collaboration, announced in March as a signing of a memorandum of understanding, will enable both companies to enhance their respective strengths in the rare earths industry, with Solvay contributing its industrial assets and operational experience, and Carester bringing expertise in recycling end-of-life equipment, upstream market knowledge and related activities. […]
Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]
It’s been a while, but we just learned that ZHmag, one of China’s major producers of neodymium magnets, has appointed Reinhold Schindler, formerly a top purchasing executive for Siemens, as a strategic consultant to the company. The move fits in with ZHmag’s ambitions to build its leadership position as a technically-savvy business partner for global OEMs that are high-volume buyers of NdFeB magnets and permanent-magnetic components such as EV powertrains. […]
Global chemicals giant Solvay has joined the Rare Earth Industry Association in its latest move to dramatically build its magnetics business. Planning to develop a major hub for rare earth magnets in Europe, the Belgian-based company has been beefing up its supply chain in addition to the latest step toward building its network of industry partners and potential customers. […]
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