rare earth magnet manufacturing facility Archives -

MagREEsource Inaugurates its First Permanent Magnet Manufacturing Facility in Noyarey, Isère, France

September 16, 2024 Editorial Staff Comments Off

From September, the plant will be producing 50 tons of high-performance sintered magnets a year. […]

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

May 9, 2024 Editorial Staff Comments Off

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. […]

Neo Launches Construction Of Permanent Rare Earth Magnet Facility in Estonia

September 27, 2023 Editorial Staff Comments Off

Neo Magnequench recently broke ground on construction of the first rare earth magnet manufacturing facility in Europe designed to produce specialized rare earth permanent magnets for use in electric vehicles, wind turbines, and other clean energy technologies. […]

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