rare earth magnet

Materials/Manufacturing

Mistrial Declared in Federal Case Against Quadrant Magnetics 

April 29, 2025 Editorial Staff Comments Off on Mistrial Declared in Federal Case Against Quadrant Magnetics 

More than two years after the federal government charged Quadrant Magnetics related to sharing product design information with affiliate contacts in China, a mistrial has been declared at the U.S. District Court in Louisville, Kentucky in the government’s case against the company. According to a report in the Louisville Courier Journal on March 19, it’s the latest twist in the high-profile case centered around confidential U.S. military data allegedly sent to China by company officials. The case is now in limbo, prosecutors could retry it, with a jury trial tentatively set to begin in late May.   […]

Materials/Manufacturing

Cyclic Materials to Invest Over $20M in its First Magnet Recycling Plant in U.S. 

April 23, 2025 Editorial Staff Comments Off on Cyclic Materials to Invest Over $20M in its First Magnet Recycling Plant in U.S. 

April 23, 205 – Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over $20 million in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global rare earth element recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle process. […]

Materials/Manufacturing

Magnet & Rare Earth Exports Become Key Levers in Growing USA–China Trade War 

April 15, 2025 Editorial Staff Comments Off on Magnet & Rare Earth Exports Become Key Levers in Growing USA–China Trade War 

Exports of rare earth magnets from China have become key targets in the growing tariffs war between the USA and China. The latest developments represent a dramatic escalation in the focus on magnetic rare earth materials – especially heavy rare earths — as a potent tool in trade policy, and have heightened attention globally to the issue of China’s dominance in the global supply chain. […]

Materials/Manufacturing

Heraeus Remloy Launches Recycling Plant for Neodymium Magnets in Europe 

March 7, 2025 Editorial Staff Comments Off on Heraeus Remloy Launches Recycling Plant for Neodymium Magnets in Europe 

Europe has a new buyer of scrap magnets and rare earth magnetic materials for recycling into freshly minted powders for producing high-quality magnets. Precious metals company Heraeus has begun production at what is now the continent’s largest recycling plant for rare earth magnets.

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Materials/Manufacturing

Less Common Metals Forges Technical Advancements in Magnetic Alloys 

February 24, 2025 Editorial Staff Comments Off on Less Common Metals Forges Technical Advancements in Magnetic Alloys 

Less Common Metals, a refiner and leading producer of rare earth metals and alloys in the Western world, continues to expand its technical capabilities with the addition of more process equipment at its headquarters in England, with a newly designed molten salt electrolysis cell and through an innovative collaborative effort on magnet recycling. This article highlights some of the recent developments. […]

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.  […]