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Why did rare earth magnet prices increase in 2021 and 2022? A variety of factors can affect rare earth magnet production costs causing price fluctuations. A combination of factors, including China’s climate-related policies, surging energy demands, and the COVID-19 pandemic, has created volatility in the production costs of rare earth magnets. The past several years…
In December 2021, automaker General Motors announced “strategic collaborations” that will support its move toward domestic sourcing of the rare earth magnet materials necessary for production in its upcoming fleet of electric vehicles. The announcement is another in a growing number of strategic moves by U.S. companies and the federal government to attempt to compete…
Dura Magnetics is taking a lead in sustainability At Dura Magnetics, our advanced manufacturing processes design and fabricate a variety of magnetic solutions, including a wide array of custom magnetic assemblies incorporating Neodymium, Samarium Cobalt, Alnico, and Ceramic magnet materials. By their very nature, many of these processes are highly energy dependent. Echoing an October…
After identifying the material best suited for your magnet or magnetic assembly, the next step is to determine the specific grade of material needed for your application. For Neodymium, Samarium Cobalt, and Ceramic materials, the grade is an indicator of magnet strength: the higher the material grade number, the stronger that magnet. Alnico is a…
A message from our CEO The year 2020 has brought unprecedented challenges for many businesses attempting to navigate successfully through COVID-19. Dura is no exception. We know there are still more challenges to come, but we are prepared to meet those challenges head on. As the year has progressed, Dura has adjusted to follow every…
Could U.S.-produced NdFeB be next? Rare earth elements, such as cobalt and neodymium, are highly valued in modern, technology-driven societies for their ability to create magnets with unique characteristics. These elements are utilized in a wide variety of consumer and industrial applications from smartphones and televisions to electric cars. Dura magnetics utilizes neodymium-iron-boron (NdFeB) magnets…
Two recent discoveries – one related to the re-use of magnetic materials obtained from discarded computer components, the second a potential new trove of rare earth elements found in deep-sea mud near the coast of Japan, may reshape the magnetic marketplace…
As global demand for Cobalt and Neodymium continues to rise, magnet manufacturers and fabricators have to deal with a volatile pricing situation. Cobalt and Neodymium are key raw materials used in the manufacturing of rare earth magnets. As you might guess, Neodymium is an essential component of Neodymium magnets, while Cobalt is an essential component…