The Elements of Innovation Discovered
The Elements of Innovation Discovered
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World's first manufacturing plant for rare-earth-free magnets opening in Minneapolis. Approximately 90% of the world's industrial permanent magnets are produced in China, leaving the supply chain open to significant disruption with environmental, economic, or national security risks. Permanent magnets containing neodymium and other rare earth elements are essential components in a wide variety of technologies and industries, including MRI machines, electric vehicles, wind...
LG Innotek Co. Ltd., an affiliate of electronics conglomerate LG, Sept. 15 announced it has developed the world's strongest eco magnet in collaboration with magnet company SGI Co., also minimizing the use of heavy rare earth metals in its production. As an essential component for electric motors, smartphones, cameras, audio speakers and wind turbines, the demand for heavy rare earths has pushed researchers to devise new ways to optimize material usage without losing...
