Exclusive-GKN cancels plans for magnet factory in setback for Europe's rare earth aims

By Eric Onstad LONDON, Feb 27 (Reuters) - GKN Powder Metallurgy has scrapped plans to produce rare earth permanent magnets in Europe, three sources with knowledge of the matter said, highlighting the ...

MP Materials posts Q4 profit, unveils $1.25B Texas magnet factory plans

MP Materials Corp (NYSE: MP) reported a profitable fourth quarter driven largely by a $51 million non-revenue Price Protection Agreement from the US Department of War, as the rare-earths miner also ...

MP Materials to build $1.25 billion rare earth magnet factory near Fort Worth

MP Materials plans to accelerate its production of rare earth magnets with a $1.25 billion investment in Northlake. It's new ...

1,500 jobs expected from rare earth magnet factory near Fort Worth

The plant will create advanced magnets for the Department of Defense, and add 1,500 jobs less than 10 miles from its Fort Worth plant.
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 ...