US firm that develops rare-earth-free magnets to challenge China with new plant
SMRTR summary
Niron Magnetics has opened a commercial pilot plant in Minneapolis to produce rare earth-free permanent magnets, challenging China's 90% dominance in the market. The company claims its magnets are made from abundant iron and nitrogen using nanomaterial engineering, offering high performance and stable costs while reducing environmental impact and national security risks.
SMRTR provides this summary for quick context. The original article belongs to Interesting Engineering.
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