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GM signs rare earth magnet deal with Noveon Magnetics
General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker's full-size SUVs and trucks, the magnet maker said on Wednesday.
GM strikes deal with Noveon Magnetics for supply of rare earth magnets
G eneral Motors (GM) has inked a multi-year agreement with Noveon Magnetics, a US-based company, for the supply of rare earth magnets essential for various vehicle components and for its full-size trucks and SUVs. The partnership between GM and Noveon began with immediate production, and the first batch of magnets was delivered last month.
GM Inks Deal With Noveon Magnetics For American-Made Rare Earth Magnets
GM has signed a multi-year agreement with Noveon Magnetics, a Texas-based manufacturer of rare earth magnets for full-size truck and SUV production.
China's exports of rare earth magnets to the US surge in June
The numbers mark a recovery in the flow of the critical minerals that are used in electric vehicles and wind turbines following a Sino-U.S. trade deal.
Could the US and Europe go rare earth-free to escape China’s magnetic pull?
Researchers have been seeking alternative ways to produce the magnets needed to make everything from mobile phones to military equipment.
Automobile OEMs to switch to rare-earth magnet alternatives
Indian automakers shift to rare-earth magnet alternatives for EVs due to China's restrictions, seeking non-China sources for supply chain.
Trump Admin Supporting Mine-to-Magnet Supply Chain for Rare Earths
General Motors Co. has signed a deal with Texas-based Noveon Magnetics Inc. to secure rare-earth magnets for its full-size pickup trucks and SUVs, marking the third domestic supply contract the automaker has signed related to the critical trade dominated by China.
GM signs deal with Noveon to curb dependence on Chinese rare earth minerals
In an effort to secure the availability of rare earth minerals from domestic sources, General Motors signed a multi-year agreement with Texas-based Noveon Magnetics for rare earth magnets. GM (NYSE:GM) also sources magnets from California-based MP Materials,
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Tata Motors does not see any issue in the next quarter owing to the rare earth magnet crisis.
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China’s stranglehold on rare earth elements threatens America’s national security
At a recent hearing of the House Select Committee on Strategic Competition between the United States and the Chinese ...
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No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Tata Motors Group CFO P B Balaji asserts that the rare earth magnet shortage has not affected the production of electric ...
Apple backs Trump rare earth minerals push, invests $500M in US mine
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently ...