Niron Magnetics, a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors…
The world's rare earth reserves are 120 million tons, of which China accounts for 44 million tons, making it the country with the largest reserves in the world. In recent years, China's rare earth production has been increasing, a…
At a laboratory inside a Google data center in Mayes County,Oklahoma, researchers spent the fall of 2019 disassembling old hard disk drives by hand in order to extract a 2-inch-longcomponent known as the magnet assembly. Consistin…
The electric motors that power today's EVs rely on permanent magnets made using rare-earth metals such as neodymium. Rare earths are the 15 elements whose atomic numbers run from 57 to 71, plus yttrium and scandium. They are silve…
Korean PEF investment in Australian mine-to-metal company to help Korean industry diversify supply of critical metals. A consortium of three Korean private equity firms (PEFs) signed a framework agreement with Australian Strategic…
As miners seek to expand the rare earths sector, projects are popping up across the globe, now including Tanzania. A fast-growing staple of the green energy revolution, rare earth elements are used to produce electric magnets foun…