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. […]
The Saskatchewan Research Council is lining up supplies of feedstock to funnel into its new rare earth processing facility in central Canada that is aimed to catalyze a mines-to-magnet supply chain for the country. In recent moves it has forged agreements with Hung Thinh Group to import rare earth carbonate from Vietnam and purchased $3 million worth of stockpiled rare earth material from Vital Metals – adding to previously arranged supplies to come from Commerce Resources’ Ashram property near Quebec. The actions come amidst resolute efforts by the provincial and federal governments to seize the economic opportunities that a domestic rare earths and magnet industry can mean – and by SRC to become an industry leader. […]
Uranium mining company Energy Fuels, riding a wave of high prices for its radioactive ore, has commissioned its mill in White Pass, Utah to add commercial production of neodymium praseodymium as a secondary product. With two new deals tapping properties in Australia and Madagascar, and a key executive appointment, the company is advancing further toward becoming a significant supplier of processed magnetic rare earths in North America. […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes