MP Materials has begun construction of its previously announced rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, marking a significant return of magnet manufacturing operations in North America. The facility is […]
Amidst skyrocketing prices for neodymium rare earths, with $30 million in new funding from the Australian government, and with South Korea stepping up to position itself as a favored buyer, Arafura Resources is gaining momentum […]
BAE Systems and Malloy Aeronautics have announced plans to explore the development of an all-electric ‘heavy lift’ uncrewed air system (UAS) as a potential new solution to deliver cost-effective, sustainable rapid response capability to military, security and civilian customers. […]
Meeting spectacular success with its electric trucks, powered by its in-house manufactured permanent magnet drivetrains, Volvo is looking for similar uptake in the bus market. […]
Rolls-Royce’s hybrid-electric aero power and propulsion system has delivered more than a megawatt of power just weeks after going on test and its all-electric ‘Spirit of Innovation’ aircraft sets world speed records. […]
Superior Essex has named Daniel Choi as its new CEO overseeing the company and all its subsidiaries including the new global joint venture Essex Furukawa Magnet Wire as well as Superior Essex Communications, Essex Brownell, […]
After a two-year hiatus, CWIEME, the global industry hub for electrical manufacturing, will open its doors on May 10-12, 2022, at Messe Berlin, Germany, presenting new visitor services and a multitude of new and regular […]
Flush with over 100 million Euro in liquidity and enjoying robust business growth, e-mobility equipment maker Aumann is signaling that it plans to make one or more acquisitions soon. In recent financial reports, the Beelen, […]
Carpenter Technology, manufacturer of magnetic powders and other specialty alloys, is raising prices again for the third time in about 10 months. Effective March 22, base prices are going up 12-15% on new, non-contract orders […]
General Motors is reaching deep into its wallet to forge business growth and technical advancements in electric vehicles, including backing the establishment of new magnet factories in the U.S. while also driving innovation in permanent magnet and inductive motor technology. […]
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