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  • 1. South Korea Produces First Rare Earth Permanent MagnetSouth Korean firm Seonglim Advanced Industrial has completed its first production of rare earth permanent magnets at its Hyeonpung plant in North Gyeongsang Province. This is the country’s first facility of its kind, with an annual capacity of

    2024.06.21

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  • Cyclic Materials Partnership: Cyclic Materials has partnered with VACUUMSCHMELZE (VAC) to recycle critical by-products from magnet manufacturing. This partnership aims to create a sustainable supply chain for rare earth magnets, significantly reducing the carbon footprint and ensuring the availabili

    2024.06.18

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  • What is a Neodymium Magnet?Neodymium magnets, also known as NdFeB magnets, are powerful permanent magnets composed of neodymium (Nd), iron (Fe), and boron (B). Since their inception in the 1980s, neodymium magnets have rapidly become an indispensable material in modern industry and daily life due to

    2024.06.17

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  • Significant Developments in NdFeB Magnet ProductionHeadline: Increased Demand Drives Expansion in NdFeB Magnet ManufacturingKey Points:MP Materials has announced the establishment of its first rare earth metal and magnet manufacturing plant in Texas, aiming to rebuild the complete rare earth supply

    2024.06.15

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  • Recently, MP Materials announced plans to establish its first rare earth metal and magnet manufacturing plant in Texas. This move aims to rebuild the complete rare earth supply chain in the United States and support emerging technologies such as electric vehicles. The facility is expected to process

    2024.06.14

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