Materials/Manufacturing

Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC 

Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]

Materials/Manufacturing

Meteoric Opens Pilot Plant for Processing Rare Earths in Brazil 

Meteoric Resources, an emerging player in the rare earths sector from Australia, has opened its Caldeira Rare Earth Project pilot plant in Minas Gerais, Brazil. The plant is located at Meteoric’s Innovation & Research Center in Poços de Caldas and represents an important step in the development of future operations of the project.  […]

Materials/Manufacturing

JLMAG Forays Into Market for Flexible Magnets 

JL Mag Rare-Earth Company, a leading producer of multiple types of magnets based in Ganzhou, Jianxi, China, has established a Rubber Soft Magnetic Division with aims to grow into becoming one of the main suppliers of flexible magnets globally in several years. The move is part of a diversification strategy to capture more business involving magnetic materials with its automotive clientele while breaking into new markets for an expanded product line. […]

Materials/Manufacturing

USA Rare Earth Charges Ahead Via LCM Acquisition, New Execs & Key Supply Deals with Arnold Magnetic, Permag and Solvay Spanning North America and Europe 

In a flurry of recent deals, USA Rare Earth has completed its $100 million-plus acquisition of Less Common Metals in the UK while simultaneously leveraging the purchase through important supply transactions involving Arnold Magnetic Technologies and Permag in the […]

Materials/Manufacturing

Niron Sets Path to Establish Manufacturing of Rare Earth-Free Magnets 

Planning to be operational in 2027 at a 190,000-square-foot manufacturing plant now under construction in Minnesota, Niron Magnetics is striding forward on several fronts aimed at establishing commercial-level production of its rare earth-free magnets. It has plans for a second facility producing 10,000 tons annually in 2029. The company has attracted over $300 million in investments from commercial partners including Stellantis, General Motors, and Samsung.  […]

Materials/Manufacturing

DOE Pledges $60M for Research to Secure Domestic Critical Mineral Supply & Strengthen Magnet Manufacturing  

The U.S. Department of Energy Advanced Research Projects Agency–Energy (ARPA-E) has announced up to $60 million in funding for two new technology programs to secure and expand America’s critical minerals supply chain, strengthen domestic magnet […]