The global market for permanent magnets is forecast to grow at a robust clip of more than 13.2% annually over the next five years, reaching a value of $56.7 billion in 2027, according to a […]
HRL Laboratories, LLC, has begun work on the surface laser architected magnets (SLAM) project to improve magnets within electric vehicle motors, a new Advanced Research Projects Agency-Energy (ARPA-E)- funded effort. […]
With the tubular structure of its LinX motors, ANCA Motion maximizes the magnetic flux generated by the permanent magnets contained in their stainless steel shaft. Employing the full shaft surface for magnetic force, the motors […]
Stellantis announced today from its headquarters in Amsterdam that it will invest a total of $155 million in three Kokomo, Indiana, plants to produce new electric drive modules that will help power future electric vehicles assembled in North America and support the goal of 50% battery electric sales in the U.S. by 2030. […]
Niron Magnetics, the company pioneering the development of iron nitride magnets that are high-performance permanent magnets free of rare earths, is scaling up to evolve its company to become a significant player on the magnet market. One of its latest steps has been to appoint Jonathan Rowntree as new CEO. The leadership change and other key appointments represent a planned evolution of the company as it advances from a focus on development towards scaling, commercialization, and productization of its patented Clean Earth Magnet technology. […]
Novenco Building & Industry, a leading Danish manufacturer of ventilation fans and systems, called on Nidec Leroy-Somer to supply a powerful but energy efficient electrical motor for driving the largest fan in their ZerAx range […]
Despite prices for magnetic materials dropping recently from record highs, the outlook is strong for Neo Performance Materials’ plan to build a 100-million Euro rare earth magnet plant in Estonia. It recently received a sizeable government grant to support the effort, while higher-than-expected future demand is driving the company to consider expanding the plant’s capacity. […]
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