Neodymium magnet

e-VAC Magnetics Receives Historic $111.9 Million Qualifying Advanced Energy Project Tax Credit for Construction of First U.S. Manufacturing Facility in South Carolina

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星期二, 四月 9, 2024
Magnet, Ara, GM, The Company, Neodymium magnet, VAC, EVS, Magnetism, Inflation, Defense, F-35

SUMTER, S.C., April 9, 2024 /PRNewswire/ -- e-VAC Magnetics ("e-VAC" or the "Company"), a leading manufacturer of rare earth permanent magnets in the Western Hemisphere, today announced that it has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit ("Section 48c") to advance the construction of its first U.S. manufacturing facility in Sumter, South Carolina. The facility was one of more than 100 projects to receive an award under the Section 48c program, which is designed to help accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities.

Key Points: 
  • e-VAC, which is part of Vacuumschmelze ("VAC Group" or "VAC"), produces rare earth neodymium-iron-boron (NdFeB) magnets, which are critical to automotive, defense, industrial and renewable energy applications.
  • The Company broke ground on the state-of-the-art facility in March, and expects to complete the facility in late fall 2025.
  • "e-VAC is proud to invest in America's 21st century supply chain and to advance clean energy manufacturing efforts," said VAC Group Chief Executive Officer Dr. Erik Eschen.
  • "This award demonstrates the importance of high-quality, high-performance magnetic materials, which are key enablers to electrification and energy efficiency across a range of industries.

Mkango Raises £750,000 (C$1.3M) to Advance Rare Earth Magnet Recycling in United Kingdom and Germany, and Launches Strategic Review

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星期一, 三月 25, 2024
Hydrogen, Magnet, HPMS, Exercise, DTR, Neodymium magnet, Recycling, Minority, Disclosure, Research, Acquisition, University, Carbonate, Treasury, Admission, MKA, AIM, Subscription business model, Multilateral

LONDON and VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) is pleased to announce that it has conditionally raised gross proceeds of £750,000 (approximately C$1.3 million) through the issuance, on a private placement basis, of 15,000,000 common shares of the Company (the “Subscription Shares”) at a price per Subscription Share of 5 pence (“p”) (approximately C$0.086) (the “Subscription”).

Key Points: 
  • As part of this process, the Company has decided to launch a review of strategic options for its Songwe Hill Rare Earths Project in Malawi as well as the Pulawy Rare Earths Separation Project in Poland.
  • Mkango believes this strategic review will help maximise returns for its shareholders whilst it seeks to expand its recycling business.”
    HyProMag is commercialising Hydrogen Processing of Magnet Scrap (“HPMS”) recycling technology in the UK, Germany and United States.
  • William Dawes, CEO and a director of the Company, has agreed to subscribe for 3,000,000 Subscription Shares, for £150,000.
  • The issuance of the Subscription Shares to William Dawes was approved by the board of directors of Mkango, with William Dawes abstaining from voting.

MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing

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星期一, 四月 1, 2024
Other Manufacturing, Environment, EV, Electric Vehicles, Automotive, Public Policy, Government, Manufacturing, Mining, Minerals, White House, Federal Government, Natural Resources, IRS, MP, Neodymium magnet, Electronics, Commerce, Magnet, Primary energy, Multimedia, Treasury, General Motors

MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility.

Key Points: 
  • MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility.
  • View the full release here: https://www.businesswire.com/news/home/20240401035042/en/
    MP Materials has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility, pictured in October 2023, Fort Worth, Texas (Photo: Business Wire)
    Neodymium-iron-boron (NdFeB) magnets are the world’s most powerful and efficient permanent magnets.
  • MP Materials began constructing its Fort Worth, Texas, manufacturing facility in April 2022.
  • MP will source the factory’s raw material inputs from Mountain Pass, California, where MP owns and operates America’s only scaled and operational rare earth mine and separations facility.

Cyclic Materials and VACUUMSCHMELZE Partner to Recycle Critical Magnet Manufacturing By-products

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星期一, 三月 18, 2024
Other Energy, Natural Resources, Environment, Energy, Automotive, Recycling, Other Automotive, Mining, Minerals, Department of Defence, Pressure, Neodymium magnet, VAC, EVS, Carbon accounting, Partnership, Wind, Carbon, Magnetism, Cycle, Magnet, Rare-earth element

Cyclic Materials , an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, today announced a partnership with VACUUMSCHMELZE (VAC), a leading developer of magnetic materials and solutions.

Key Points: 
  • Cyclic Materials , an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, today announced a partnership with VACUUMSCHMELZE (VAC), a leading developer of magnetic materials and solutions.
  • The companies have signed an agreement ensuring that by-products containing critical materials used in high-performance permanent magnets will be recycled.
  • “Cyclic Materials’ mission is to ensure all permanent magnets are recycled back into the supply chain, reducing the pressure to open new mines,” says Ahmad Ghahreman, co-founder and CEO of Cyclic Materials.
  • “We are proud to work with Cyclic Materials to advance circularity of the critical materials required for the energy transition,” said Erik Eschen, CEO of VACUUMSCHMELZE.

China Neodymium Iron Boron Magnet Market Report 2024-2032: Value Chain Analysis, Domestic Consumption and Exports, Competitive Landscape

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星期二, 三月 12, 2024
Magnet, Wind power, Neodymium magnet, Consumption, COVID-19, SWOT, Electricity, Wind, Plant, Car, Consultant, Rare-earth element

DUBLIN, March 12, 2024 /PRNewswire/ -- The "China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 12, 2024 /PRNewswire/ -- The "China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
  • What has been the impact of COVID-19 on the China neodymium iron boron magnet market?
  • What is the breakup of the China neodymium iron boron magnet market based on the domestic consumption and exports?
  • What are the key regions in the China neodymium iron boron magnet market?

Mkango Subsidiary, Maginito, and CoTec Appoint Lead Engineers BBA and Pegasus to Complete the Feasibility Study for HyProMag USA

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星期一, 三月 11, 2024
Hydrogen, Magnet, BBA, Acquisition, Carbon footprint, Research, Neodymium magnet, MKA, Plant, CTH, Tyseley, Carbon, HPMS, University, Environment, Recycling, Mineral, Feasibility study, Rare-earth element

Julian Treger, CoTec CEO commented: “The Feasibility Study represents a significant milestone towards the construction of commercial-scale magnet recycling and production facilities in the United States.

Key Points: 
  • Julian Treger, CoTec CEO commented: “The Feasibility Study represents a significant milestone towards the construction of commercial-scale magnet recycling and production facilities in the United States.
  • HyProMag has sublicenced the HPMS technology to HyProMag USA, which is 50:50 per cent owned by CoTec and Maginito.
  • Following completion of the Feasibility Study, CoTec and Mkango will make a joint decision as to whether HyProMag USA will proceed with the construction of the US Project.
  • Funding provided by CoTec would be in the form of shareholder loans to HyProMag USA.

Valeo Applauded by Frost & Sullivan for Minimizing Resource Consumption, Supporting Greener Mobility, and Its Competitive Strategies

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星期四, 一月 25, 2024
Kingdom of Reman, CO2, Natural Resources, SAN, Intelligence, Frost, Bicycle industry, Remanufacturing, Workforce, Neodymium magnet, Recycling

SAN ANTONIO, Jan. 25, 2024 /PRNewswire/ -- Recently, Frost & Sullivan researched the circular economy and sustainability initiatives for the mobility industry and, based on its findings, recognizes Valeo with the 2023 European Competitive Strategy Leadership Award.

Key Points: 
  • In 2022, Valeo established the Circular Electronics Lab in Nevers, focusing on a unique Reman approach for rapid, high-quality product development, testing, and delivery.
  • Collaborating with Stellantis, Valeo successfully launched a remanufactured video camera within a year, saving up to 99% of natural resources compared to new ones.
  • This camera, the first of its kind from Valeo, offers the same 2-year warranty and performance as new parts.
  • With its strong overall performance, Valeo earns Frost & Sullivan's 2023 European Competitive Strategy Leadership Award for executing circular economy and sustainability initiatives in the mobility industry.

Valeo Applauded by Frost & Sullivan for Minimizing Resource Consumption, Supporting Greener Mobility, and Its Competitive Strategies

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星期四, 一月 25, 2024
Kingdom of Reman, CO2, Natural Resources, SAN, Intelligence, Frost, Bicycle industry, Remanufacturing, Workforce, Neodymium magnet, Recycling

SAN ANTONIO, Jan. 25, 2024 /PRNewswire/ -- Recently, Frost & Sullivan researched the circular economy and sustainability initiatives for the mobility industry and, based on its findings, recognizes Valeo with the 2023 European Competitive Strategy Leadership Award.

Key Points: 
  • In 2022, Valeo established the Circular Electronics Lab in Nevers, focusing on a unique Reman approach for rapid, high-quality product development, testing, and delivery.
  • Collaborating with Stellantis, Valeo successfully launched a remanufactured video camera within a year, saving up to 99% of natural resources compared to new ones.
  • This camera, the first of its kind from Valeo, offers the same 2-year warranty and performance as new parts.
  • With its strong overall performance, Valeo earns Frost & Sullivan's 2023 European Competitive Strategy Leadership Award for executing circular economy and sustainability initiatives in the mobility industry.

Mkango Subsidiary Maginito and CoTec Form HyProMag USA Joint Venture and Commence Process to Appoint EPCM Provider for the Feasibility Study

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星期三, 一月 3, 2024
Hydrogen, Magnet, Construction management, EPCM, Recycling, MKA, Research, Neodymium magnet, Mineral, Feasibility study, Engineering, Joint venture, HPMS, Plant, University, Neodymium, Carbon, CTH, Rare-earth element

The newly formed joint venture company, HyProMag USA, LLC (“HyProMag USA” or the “Joint Venture”), plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production business underpinned by HPMS.

Key Points: 
  • The newly formed joint venture company, HyProMag USA, LLC (“HyProMag USA” or the “Joint Venture”), plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production business underpinned by HPMS.
  • HyProMag is 100 per cent owned by Maginito, which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec, and is commercialising rare earth magnet recycling in the UK, Germany and United States.
  • Following completion of the Feasibility Study, CoTec and Mkango will make a joint decision as to whether the Joint Venture will proceed with the construction of the US Project.
  • “We look forward to working and collaborating with local, state and federal stakeholders targeting the completion of the feasibility study”.

First Production of Recycled Magnets at Tyseley Energy Park in Birmingham, UK Major Milestone for HyProMag

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星期二, 十二月 12, 2023
Marketing, Partnership, Recycling, MKA, Neodymium magnet, Wind, Magnet, Electronics, HPMS, University, University of Birmingham, Alloy, Carbon, Tyseley, Rare-earth element

Commercial production at Tyseley is targeted for mid-2024, with initial throughput targeted at 20 tonnes per annum (“tpa”) rare earth magnets and alloys, scaling up to a minimum of 100tpa in subsequent months.

Key Points: 
  • Commercial production at Tyseley is targeted for mid-2024, with initial throughput targeted at 20 tonnes per annum (“tpa”) rare earth magnets and alloys, scaling up to a minimum of 100tpa in subsequent months.
  • HyProMag is the main industrial partner for the Tyseley development and the exclusive licencee for underlying HPMS technology, developed at the University of Birmingham and now being commercialised by HyProMag.
  • Commissioning of the remaining equipment and infrastructure at Tyseley is expected in the coming weeks, underpinning the subsequent transition to commercial production.
  • This has allowed us to test recycled magnets in a range of products for the first time with extremely encouraging results.