Neo Performance Materials has agreed with Meteoric Resources for offtake of 3,000 metric tons of total rare earth oxide per year from Meteoric’s Caldeira Project in Minas Gerais, Brazil to supply Neo’s magnet manufacturing plant in Estonia. […]
Cyclic Materials, a startup advanced metals recycling company in Canada intent on building a circular supply chain for rare earth elements (REEs) and other critical metals, has expanded its operations to accept two new feedstock […]
Spurred by the global growh of automakers Hyundai and Kia, and now riding alongside Korean steel maker Posco International, Star Group of Korea is rising in prominence as a leading magnet manufacturer in Asia – […]
Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]
Weak prices for rare earths have hit American producer MP Materials recently, reporting in its latest financials a 51% drop in prices for the rare earth oxides (REO) that it mines near Las Vegas, Nevada. […]
Advanced Magnet Lab is progressing with the development toward commercial manufacturing of its PM-Wire magnets, having received a new patent related to its “powder-in-tube” process for manufacturing them and, separately, forging an expanded business relationship […]
BMW is introducing its most powerful all-electric models yet, employing a new propulsion system design that does without rare-earth magnets in the rotor and doubles the number of excitation windings in the stator. Producing the highest output ever for an all-electric car from the BMW Group, the BMW i7 M70 xDrive marks another milestone for BMW in its electric mobility transformation becoming the company’s third performance model to have an all-electric drive system as represented in the new BMW 7 Series range. […]
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