rare earth magnet

Materials/Manufacturing

MP Materials Awarded $58.5 Million Tax Credit for Magnet Manufacturing Plant in Fort Worth 

May 9, 2024 Editorial Staff Comments Off on MP Materials Awarded $58.5 Million Tax Credit for Magnet Manufacturing Plant in Fort Worth 

MP Materials has received a $58.5 million federal tax credit to support the construction of its rare earth magnet manufacturing plant in Fort Worth, Texas. The Section 48C Advanced Energy Project tax credit allocation was issued by the IRS and Treasury following a competitive, oversubscribed process administered by the Department of Energy that evaluated the technical and commercial viability and environmental and community impact of approximately 250 projects. A similar award for a $111 million tax credit went to an American subsidiary of Vacuumschmelze recently for its new magnet plant in South Carolina, as reported earlier in Magnetics Magazine.  […]

Materials/Manufacturing

Rare Earth Magnet Market Outlook: Demand for REOs to Increase Five-Fold by 2040, Outstripping Supply 

May 16, 2023 Editorial Staff Comments Off on Rare Earth Magnet Market Outlook: Demand for REOs to Increase Five-Fold by 2040, Outstripping Supply 

Adamas Intelligence has announced the publication of its latest annual report, “Rare Earth Magnet Market Outlook to 2040”. The report is a comprehensive deep dive into the global market for NdFeB permanent magnets and the […]

e-Power Technology

Clariant Labs Target Processing Chemicals for Decarbonization Minerals and Mine Tailings 

April 20, 2023 Editorial Staff Comments Off on Clariant Labs Target Processing Chemicals for Decarbonization Minerals and Mine Tailings 

At new laboratories in the United Arab Emirates and in Brazil, global specialty chemicals company Clariant aims to develop improved solutions for processing decarbonization minerals and mines tailings. Rare earths for magnets and magnetic separations are important aspects of the new competence centers. Among the company’s core chemical products are catalysts and adsorbents used in fuel cells and hydrogen production.  […]

Materials/Manufacturing

Rare Earths Producer MP Materials Reports Strong Results, Books $66 Million Charge for Loosening Chinese Ties

April 8, 2021 Editorial Staff Comments Off on Rare Earths Producer MP Materials Reports Strong Results, Books $66 Million Charge for Loosening Chinese Ties

Business looks spectacular at MP Materials, the largest rare earth materials producer in the Western Hemisphere. In its most recent quarter, revenue doubled to $42.2 million compared to the same period a year ago, while for the […]

Materials/Manufacturing

Rare Earth Future

May 24, 2012 Editorial Staff Comments Off on Rare Earth Future

By Peter C. Dent, VP Business Development • Electron Energy Corp. What are the challenges, choices and solutions for the development and production of rare earth permanent magnets? Rare earths have garnered much attention recently […]