Rare-earth magnet maker raises $215 million to amp up US supply

The investment in Texas-based Noveon comes as the U.S. pushes to develop domestic sources of a vital electronics component ...
GM Authority

General Motors To Build Magnet Factory In The U.S. With VAC Of Germany

General Motors has announced that it is partnering with German magnetic alloy manufacturer Vacuumschmelze (VAC) to build a new magnet factory in the U.S. The magnets produced at the upcoming factory ...
Business Wire

MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

MP’s initial magnetics facility in Fort Worth, Texas, will source materials from Mountain Pass, California, restoring a fully integrated U.S. supply chain MP has entered a long-term agreement with ...
KXAN

Magnet factory brings future of clean energy to Central Texas

SAN MARCOS, Texas (KXAN) — Magnets are going green in Central Texas. Noveon Magnetics celebrated its grand opening this summer, after opening its doors in 2020. The company manufactures permanent ...
The Business Journals

North Carolina rare earth magnet factory is potential game-changer for US supply chain

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A 1 million-square-foot factory ...
Nasdaq

MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

MP’s initial magnetics facility in Fort Worth, Texas, will source materials from Mountain Pass, California, restoring a fully integrated U.S. supply chain MP has entered a long-term agreement with ...