Materials/Manufacturing

MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

MP Materials Corp. (NYSE: MP) announced today that it will build its initial rare earth (RE) metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The company also announced that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023. […]

Materials/Manufacturing

Tech Tips: Bakker Magnetics – Improving Energy Density of Permanent Magnets for e-Mobility Manufacturing

Permanent magnets (PM) are the heart of the drive systems used in the e-Mobility industry. The stronger the magnet is, the higher the higher the motor’s output and the smaller and lighter the motor can be built. But a powerful magnet must also be able to resist demagnetization by heat or a magnetic opposite field. The Dutch company Bakker Magnetics uses two new techniques with which permanent magnets can be produced even stronger and more robust: Grain Boundary Diffusion (GBD) and Grain Refining Technology (GRT). Major advantage: less Heavy Rare Earth Elements (HREE) are used. […]