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source:NewswiseThe U.S. Department of Energy’s (DOE’s) Critical Materials Institute has developed a low-cost, high performance permanent magnet by drawing inspiration from an out-of-this-world source: iron-nickel alloys in meteorites. The magnet rivals widely used “Alnico” magnets in magnetic strength and has the potential to fill a strong demand for rare-earth- and cobalt-free magnets in the market.   Here on earth, the strongest permanent magnets are ones containing the rare earth element neodymium – NdFeB magnets. Next strongest are Samarium-Cobalt, or SmCo magnets. Before rare-ea...
Release time: 2020 - 12 - 11
source:Argus MediaAustralian companies are continuing their efforts to broaden the global rare earths supply chain.Lynas Rare Earths — recently renamed from Lynas Corporation to more accurately reflect its core business — remains by far the best-known entity through its mining operations in Australia and processing facilities in Malaysia, given that it is the only large rare earth oxide producer outside China and a critical supply source for Japan's magnet industry. Lynas is spending around A$400mn ($292mn) on a cracking and leaching plant at Kalgoorlie in Western Australia. This will proc...
Release time: 2020 - 12 - 10
source:StreetInsider.comThe operator of the biggest rare element mines in the Western Hemisphere, MP Materials, was among three firms that received grants from the Department of Defense (DOD) on Nov. 17. These grants are centered on restoring the production of rare earth elements in the United States. The company uplisted on the New York Stock Exchange the day after receiving the grant.The Defense Production Act Title III grant, worth $9.6 million, was awarded by the Pentagon to the firm so it could start refining critical minerals at its California Mountain Pass mine. In an interview, MP Mate...
Release time: 2020 - 12 - 09
source:BBC NewsA site in Hull has been chosen as the proposed location for what would be the UK's first plant to process rare earth materials.Rare earth oxides are used to make powerful permanent magnets, critical to the offshore wind and electric vehicle industries.The proposed plant at Saltend Chemicals Park would process materials from a sustainable mine in Angola.The firm behind the move said it would 'support the green economy'.Pensana Rare Earths said the plant would be one of only two major producers outside China of rare earth oxides, and would help create 'the world...
Release time: 2020 - 12 - 08
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