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 […]
MP Materials Corp. has been awarded a $35 million contract through the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy […]
Niron Magnetics and CorePower Magnetics, two start-ups in the U.S. working on building electric motors and power electronics components free of rare-earth magnets, are in the path of numerous venture and technology development fundings to […]
Prices are zooming and business is booming at MP Materials, the largest producer of rare earth materials in the western hemisphere. In November, it reported that revenues soared to $99 million in its most recent quarter, […]
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. […]
Combining the performance of synchronous permanent magnet technology and advanced smart system connectivity, Nidec Leroy-Somer is drawing the attention of engineers conscious about energy efficiency with its Dyneo induction motors for industrial applications. Designed for pairing with variable […]
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