Vulcan Elements, a North Carolina startup determined to revitalize U.S. production of rare earth magnets, has chosen Johnston County as the site of its first major factory. The N.C. Department of ...

MP Materials will build a $1.25 billion facility in Northlake, creating more than 1,500 jobs. The U.S. Defense Department-backed project aims to expand domestic production and reduce U.S. reliance on ...

Two weeks after China promised the U.S. it would ease the exports of rare-earth magnets, Chinese authorities are dragging out approval of Western companies’ requests for the critical components, a ...

GM signed a binding agreement with German magnet maker Vacuumschmelze, calling for the latter to build a factory in North America. Vacuumschmelze’s facility will supply GM with rare earth permanent ...

Prices of two key rare earths used in high-strength magnets have jumped to the highest point in 2 years after US-based miner MP Materials halted exports of raw materials to China, the world’s top ...

French chemical company Solvay (OTCPK:SVYSF) (OTCPK:SLVYY) reached two agreements to supply rare earth oxides to U.S. magnet makers Noveon Magnetics and Permag, Reuters reported Wednesday; financial ...

GM has invested an unspecified amount in EV rotor permanent magnet maker Niron Magnetics, as well as launching a strategic partnership with the magnet manufacturer as The General expands its North ...

Magnet makers squeezed by export curbs and weak Chinese economy Exports made up as much as 50% for some major magnet makers' sales in 2024 Recovery from export slump may be slow, even with deal to ...

Detroit — The venture capital arms of General Motors Co. and Stellantis NV are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors ...

(Reuters) -General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker's full-size SUVs and trucks, the magnet ...