rare earth magnets

Materials/Manufacturing

Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

November 15, 2022 Editorial Staff Comments Off on Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

Despite prices for magnetic materials dropping recently from record highs, the outlook is strong for Neo Performance Materials’ plan to build a 100-million Euro rare earth magnet plant in Estonia. It recently received a sizeable government grant to support the effort, while higher-than-expected future demand is driving the company to consider expanding the plant’s capacity. […]

Materials/Manufacturing

Quadrant Magnetics Indicted on Federal Charges Related to Documents & Prohibited Chinese-Origin Materials for Military Contracts 

November 14, 2022 Editorial Staff Comments Off on Quadrant Magnetics Indicted on Federal Charges Related to Documents & Prohibited Chinese-Origin Materials for Military Contracts 

The U.S. Department of Justice has issued an indictment against Quadrant Magnetics LLC and three individuals who have been arrested for allegedly sending to China technical data drawings related to U.S. military projects and then supplying the Department of Defense with prohibited Chinese-origin items. The indictment was unsealed November 9 following the arrest of three defendants and their initial appearances in the U.S. District Court in the Western District of Kentucky. […]