Neo Performance Materials has made a binding agreement with Hudson Resources to acquire an exploration license covering Hudson’s rare earth property in Greenland. The investment represents a key step in Neo’s mines-to-magnet vertical integration strategy and its plans to expand into rare earth permanent magnet manufacturing in Estonia. […]
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. […]
Inpro/Seal, the inventor of the bearing isolator, continues its legacy of developing innovative, reliable sealing products to prevent bearing failure with the introduction of a new magnetic bearing isolator. Utilizing magnetically energized faces to create […]
The American subsidiary of Australian-based Lynas Rare Earths has been awarded a follow-on contract for approximately $120 million by the U.S. Department of Defense (DoD) to establish a first of its kind commercial heavy rare earths (HRE) separation facility in the United States. […]
Boosted by a 28% jump in revenues from its business in magnetic materials, fortunes continue to rise at Hitachi Metals while awaiting closure of its acquisition by investment group Bain Capital. For its fiscal year […]
MP Materials has begun construction of its previously announced rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, marking a significant return of magnet manufacturing operations in North America. The facility is […]
Amidst skyrocketing prices for neodymium rare earths, with $30 million in new funding from the Australian government, and with South Korea stepping up to position itself as a favored buyer, Arafura Resources is gaining momentum […]
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