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 […]
Reimagining the Magnet Technology that Drives the World […]
Research And Markets, has recently published its comprehensive Rare Earth Magnet Market Forecast for 2025-2033 including key insights and trends. The global rare earth magnet market size reached USD 19.5 Billion in 2024. Looking forward, […]
European Metals Recycling, a progressive company in sustainable materials and recycling based in the UK, is building its capabilities to develop advanced circular supply chains for rare-earth magnets. Led by Rare Earth recycling innovator Ionic […]
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. […]
June 11, 2025 – U.S. President Donald Trump announced today that the U.S. and China have negotiated a deal under which China will supply magnets and rare earth minerals, while American colleges and universities will […]
Conifer, a Silicon Valley startup, has secured $20 million in seed funding to commercialize its magnet-agnostic electric motors and powertrains that are coupled with a software-driven manufacturing approach. Founded by repeat entrepreneurs and ex-Apple Special Projects Group and Lucid engineers, the company has spent the last two years developing and validating its technology with customers. It announced the successful funding in April. […]
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