Operating now as Noveon, the magnet recycling company in Texas which began as Urban Mining Co., continues to push forward in its plan to become a significant force in supplying new magnets and magnetic components […]
Amidst rising demand for rare earth minerals to supply magnets for manufacturers of motors for electric vehicles and for wind turbines, Japan has committed another AUDS$200 million to Australian producer Lynas Rare Earths for a favored supply chain. The latest tranche, worth about US $135 million, brings total commitment up to about US$400 million. […]
Creating clean, sustainable fusion energy requires strong magnetic fields to confine and control the extremely hot, positively-charged hydrogen fuel, which becomes a plasma several times hotter than the sun. Now, Tokamak Energy in the UK has built a world-first set of new generation high temperature superconducting (HTS) magnets to be assembled and tested in fusion power plant scenarios. The magnets use HTS tape from Furukawa Electric and SuperPower, a New York-based affiliate in the Furukawa Electric Group. […]
Niron Magnetics, the company pioneering the development of iron nitride magnets that are high-performance permanent magnets free of rare earths, is scaling up to evolve its company to become a significant player on the magnet market. One of its latest steps has been to appoint Jonathan Rowntree as new CEO. The leadership change and other key appointments represent a planned evolution of the company as it advances from a focus on development towards scaling, commercialization, and productization of its patented Clean Earth Magnet technology. […]
MP Materials and Sumitomo Corporation have forged a rare earths supply agreement which they say will diversify and strengthen rare earth supplies in Japan. Under the agreement, announced February 21, Sumitomo will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers. Further, the companies will collaborate on the supply of rare earth metals and other products. […]
Novenco Building & Industry, a leading Danish manufacturer of ventilation fans and systems, called on Nidec Leroy-Somer to supply a powerful but energy efficient electrical motor for driving the largest fan in their ZerAx range […]
MagREEsource, a spin-off of the CNRS-Institut Néel, is organizing a Euro 5 Million fundraising that will enable it to establish a 50-ton-per year magnet recycling facility this year in Grenoble, France with aims toward 500-ton […]
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