Recent declines in prices for rare earth magnetic materials are evident in the latest financial reports of leading producers, with the impact varying by their activities and positions in the market. This article deals with the quarterly reports for the three months ended June 30 which have been issued by three companies – MP Materials, Neo Performance Materials and Lynas Rare Earths. […]
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. […]
Anchor Magnets, a UK-based developer and distributor of innovative flexible magnet products, has introduced its latest product, “supramag ULTRA” magnetic sheet. It is up-to 50% stronger, 40% lighter, and 40% thinner at 0.45mm magnet thickness […]
Using its molded MagFine alloy, Aichi Steel reports that it has developed in collaboration with Tohoku University an experimental e-axle that is 40% lighter and smaller than conventional designs. It combines a newly developed compact high-speed reducer with a compact and lightweight 34,000 rpm motor. For the first time, says the company, it has succeeded in proofing the technology of a high-speed, high-reduction next-generation electric axle with high-speed rotation and high deceleration that contributes to weight reduction. […]
Marking an important step in the creation of a new United States-to-Europe rare earth supply chain, the first container of mixed rare earth carbonate produced by Energy Fuels at its White Mesa Mill in Utah is en route to Neo Performance Material’s rare earth separations facility in Estonia. Additional shipments of the carbonate are expected to follow as Energy Fuels continues to process more of the natural monazite sand ore, mined in the American state of Georgia by Chemours, for both the rare earth elements and naturally occurring uranium that it contains. […]
MP Materials, owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America, has cemented plans to go public on the New York Stock Exchange at a […]
Bunting-Elk Grove Village recently added several new products to their extensive online catalog. These include new N42 and Electro Magnet products, expanding their already strong online selection. The new stock of plated N42 neodymium disc […]
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