rare earth magnet

Materials/Manufacturing

MP Materials to Build “10X” Magnet Manufacturing Campus in Texas; Disengages Business Dealings in China 

March 2, 2026 Editorial Staff 0

February 26, 2026 — MP Materials Corp. today announced it has selected a 120acre site in Northlake, Texas, to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus. Located less than 10 miles from its Independence facility in Fort Worth, the new campus will cement North Texas as the center of gravity for the United States’ rare earth magnet supply chain, says the company. […]

e-Power Technology

Allison Acquires Dana Off-Highway Drive & Motion Systems Business 

February 2, 2026 Editorial Staff Comments Off on Allison Acquires Dana Off-Highway Drive & Motion Systems Business 

Allison Transmission Holdings has significantly expanded its drivetrain and propulsion systems business through acquiring the Off-Highway Drive & Motion Systems business of Dana. The $2.7 billion deal, finalized in January, creates a new global giant overseeing aggressive development of hybrid and electric propulsion systems for […]

Materials/Manufacturing

Vulcan Elements Opens Pilot Plant for Producing Rare Earth Magnets; Consarc Strip-Casting Furnace Installed 

August 5, 2025 Editorial Staff Comments Off on Vulcan Elements Opens Pilot Plant for Producing Rare Earth Magnets; Consarc Strip-Casting Furnace Installed 

Bolstered by a $1.2 million award from the U.S. Department of Defense and now with the commissioning of a new strip casting furnace from Consarc, Vulcan Elements is building up operations at its new pilot magnet manufacturing plant in North Carolina. A key objective is to develop fresh alternatives for a secure, domestic supply chain for magnets used in critical Air Force systems. […]