China controls about 90% of the entire global supply of rare earth magnets, including their mining and refining. That means that most of the neodymium, dysprosium, and terbium that end up in EV motors ...

Did you know GM invented the domestic, affordable permanent magnet? Before this neodymium-iron-boron magnet came along in 1984, electric motors, generators, audio speakers, hard-disk drives, and the ...

British company Equipmake announced a new AMPERE project to develop the world’s most power-dense permanent magnet electric motor within 12-months. The peak power density, available for a short time, ...

UPDATE 10/20/2025: Niron Magnetics just broke ground on its commercial magnet production site in Sartell, Minnesota, which will become one of North America's largest magnet production it has expanded ...

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 ...

GM and Niron have teamed up to pry the EV motor material supply chain away from China. Did you know GM invented the domestic, affordable permanent magnet? Before this neodymium-iron-boron magnet came ...