Rare Earth

Materials/Manufacturing

Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths Exploration License in Greenland 

May 15, 2023 Editorial Staff Comments Off on Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths Exploration License in Greenland 

Neo Performance Materials, considered a bellwether of the permanent magnetics industry, has named a new president in concert with the upcoming retirement of its CEO and long-time leader Constantine Karayannopoulos and, in rapid succession, recently consummated two deals that further its mines-to-magnets vertical integration strategy:

By acquiring SG Technologies Group Ltd (SGTec) in the UK, Neo moved further up the value chain and expands its specialty manufacturing footprint in Europe to better serve rapidly growing magnet demand from the electric vehicles, electronics and clean energy industries.

In Greenland, it progressed another step in developing its own rare earths mine as the government approved transfer of an exploration license from Hudson Resources of Canada, clearing the way for Neo to acquire it. […]

Electromagnetics

Qnergy’s Methane Power Systems Recognized in Edison Awards 

May 9, 2023 Editorial Staff Comments Off on Qnergy’s Methane Power Systems Recognized in Edison Awards 

Qnergy, a specialist in applying magnet-powered Stirling engines for capturing methane to generate onsite power at remote oilfields, is being recognized in the prestigious Edison Awards competition for the innovation and invention of its CAP3Nano system. It supplies utility grade electricity via a novel Stirling engine generator that runs on raw, unprocessed gas to provide reliable remote power to drive and deliver compressed air pneumatics, while eliminating the venting of methane wellpads. […]

e-Power Technology

LG Innotek Challenges Japan and China Dominance in Fundamental Magnetics Innovation 

May 1, 2023 Editorial Staff Comments Off on LG Innotek Challenges Japan and China Dominance in Fundamental Magnetics Innovation 

With accolades for its new Nexlim, which it calls “the world’s thinnest magnetic component”, and the recent development of its “eco magnet”, Korean materials and components company LG Innotek is making impressive headway in challenging the dominance of companies in China and Japan for leadership of innovation in fundamental magnetics technology.  […]

e-Power Technology

Cyclic Materials Raises $27M to Scale Recycling Technology, Links up with Solvay and Arnold 

April 25, 2023 Editorial Staff Comments Off on Cyclic Materials Raises $27M to Scale Recycling Technology, Links up with Solvay and Arnold 

Creating a Circular Supply Chain for Rare Earth Elements and Critical Materials

Cyclic Materials, a Canadian advanced metals recycling company focused on producing critical materials, today announced it has raised $27 million in an oversubscribed Series A financing. The money is flowing in quickly after accomplishing its first production run of rare earth magnetic material and forging a string of partnerships with magnetics industry notables. These include chemicals giant Solvay which is planning to build a major rare earths magnet operation in Europe, and Arnold Magnetic Technologies (see related article), among others. […]

e-Power Technology

Clariant Labs Target Processing Chemicals for Decarbonization Minerals and Mine Tailings 

April 20, 2023 Editorial Staff Comments Off on Clariant Labs Target Processing Chemicals for Decarbonization Minerals and Mine Tailings 

At new laboratories in the United Arab Emirates and in Brazil, global specialty chemicals company Clariant aims to develop improved solutions for processing decarbonization minerals and mines tailings. Rare earths for magnets and magnetic separations are important aspects of the new competence centers. Among the company’s core chemical products are catalysts and adsorbents used in fuel cells and hydrogen production.  […]