Just how hard has Covid-19 been on the magnetics industry and what lies ahead? In recent financial reporting, magnetics and electrical manufacturing industry companies have been quantifying their business declines during the pandemic and, in […]
Designed upon an induction platform rather than rare-earth magnets, ABB has come out with a new version of its long-popular synchronous reluctance motors for industrial use that are highly energy efficient, meeting the new IE5 […]
Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]
Using Neodymium magnets and axial flux motor designs, electric motor developer Torqeedo of Germany is powering through a flurry of innovations to become one of the world’s leading manufacturers bent on electrifying marine mobility. At the same […]
Itching for a piece of the action in a neodymium mining venture? Head for Angola or, more precisely, to the London Stock Exchange where you can buy shares of Pensana Rare Earths Plc, stock symbol PRE.L. It’s a […]
Led by a decline in volume and revenues from its Magnequench magnetic materials segment, Neo Performance Materials saw revenues fall 10.3% in 2019, as the company reported in its year-end financials in March. Yet the company posted […]
Neo Performance Materials reports a 21% drop in revenues and a 10% volume drop for its Magnequench business unit over the nine months ending September 30. Considered a bellweather for the market in rare-earth magnetic […]
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