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 […]
Western Digital Capital, the investment arm of data storage giant Western Digital which is a leading manufacturer of magnetic hard disk drives, has made a strategic investment into Niron Magnetics, a developer of “clean earth […]
Rapidly expanding magnetics company Quadrant plans to build a new 171,000-square-foot rare earth magnet manufacturing plant, to be called its Neograss campus, in Louisville, Kentucky. Quadrant is planning to invest $95 million in the multi-year […]
Neo Performance Materials reports strong financial results for the most recent year with its Magnequench unit, considered a bellwether for the magnetics industry, rebounding dramatically in both sales volume and revenues amidst an environment of […]
Ducommun, a defense and industrial manufacturer based in southern California, has acquired Magnetic Seal Corporation, a pioneering developer of engineered magnetic seals for aerospace and defense applications. The price was about $69.5 million. According to […]
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