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. […]
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. […]
Leveraging the roots of electrical steel laminations company Tempel Steel, acquired by Worthington Industries a year and a half ago, plans are in the works at Worthington to spin off a new separate steel processing […]
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 […]
A process employing hydrogen is promising relief to one of the vexing problems in recycling rare earth magnets from electronic and automotive waste streams. […]
Flush on the closing of its acquisition by an investment consortium, Hitachi Metals tomorrow becomes Proterial as it positions for its NMF 15 ferrite magnets to become an alternative in certain situations to the industry-standard neodymium magnetic material for electric vehicle traction motors. […]
The electrification of the world is advancing in almost every industry, which has led to a rapid increase in the demand for high precision current sensors. VAC, a leading manufacturer of magnetic materials and products […]
Focused on evolving from traditional powertrain technology to electric mobility, German motion specialist Schaeffler AG is simultaneously launching several new electric axle drives while also expanding its R&D and manufacturing operations to support product and business growth in electric vehicle technology. […]
Belgian drivetrain specialist Punch Powertrain, bent on rapidly transforming its production from conventional power systems to fully integrated EV powertrains, and TATA AutoComp Systems Limited plan to form a 50-50 joint venture that will bring the Punch e-powertrain portfolio into TATA’s manufacturing and distribution operations in India. The venture will be responsible for the design, manufacturing, marketing and sales of Punch’s DT1 compact dual clutch transmission design in India and to global markets and will also carry out a wide range of activities to supply Punch’s conventional-hybrid DCTs, continuously variable transmission and EV reducers to customers in India. […]
Backed by venture capital company Searchlight Capital Partners, Integrated Power Services continues to aggressively grow its network of motor service centers across North America. Now with 55 locations, 44 repair centers and 1,700 employees, it […]
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