Developments in magnets and magnetic materials are prominent in $17 million of awards by the U.S. Department of Energy to boost domestic production and resources of critical materials. The new funding from the DOE’s Advanced […]
Ionic Technologies, a Northern Ireland-based subsidiary of Australian minerals company Ionic Rare Earths, has secured significant new grant funding from the British government that support developing collaborative rare earth element supply chains within the UK. Two grants have been awarded under Innovate UK’s Climates program involving Ionic and several program partners — Vacuumschmelze, Less Common Metals, the Materials Processing Institute and Swansea University.
Early next year, Seong-An Co., Ltd. of the Republic of Korea, traditionally a textile company, is expected to begin, or advance closer to beginning, its new phase as a sizeable manufacturer of magnets as well […]
Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
The Spectris portfolio of analytical instrumentation for evaluating magnetic materials is growing dramatically by acquisition as several recent deals involving Micromeritics, SciAps and Malvern Panalytical come together. The combined companies in the Spectris Group, which also include HBK, Particle Measuring Systems and Servomex, now cover a greater range of capabilities in particle characterization, materials analysis and testing involving magnetic materials and effects. Additionally, some of its products employ permanent magnets and electromagnetic functionality, adding to its knowledgebase. There are now five companies and 7,600 employees in the group which, overall, serves many markets for precision measurement. […]
Recycling magnets from computer hard drives has garnered the attention — and opened the wallet — of Microsoft’s Climate Innovation Fund. It’s one of several new avenues that Cyclic Materials of Toronto is pursuing to gather more magnets into its supply stream and extend the reach for its technology. Auto salvage in the UK is another, marking the company’s first overseas feedstock deal – and with ties to parent companies IAA and Ritchie Auctions which have extensive worldwide operations in the used vehicle business. […]
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