#Rare Earth Metal Market industry

[zvaigzdelasas]

China’s Ministry of Commerce announced Thursday that export controls on antimony would take effect Sept. 15. Antimony is used in bullets, nuclear weapons production and lead-acid batteries. It can also strengthen other metals.

“Three months ago, there’s no way [any] one would have thought they would have done this. It’s quite confrontational in that regard,” Lewis Black, CEO of Canada-based Almonty Industries, said in a phone interview. The company has said it’s spending at least $125 million to reopen a tungsten mine in South Korea later this year.

Tungsten is nearly as hard as a diamond, and used in weapons, semiconductors and industrial cutting machines. Both tungsten and antimony are on the U.S. critical minerals list, and less than 10 elements away from each other on the periodic table.[...]

China accounted for 48% of global antimony mine production in 2023, while the U.S. did not mine any marketable antimony, according to the U.S. Geological Survey’s latest annual report. The U.S. has not commercially mined tungsten since 2015, and China dominates global tungsten supply, the report said.[...]

The U.S. has sought to restrict China’s access to high-end semiconductors, following which Beijing announced export controls on germanium and gallium, two metals used in chipmaking.

While tungsten is also used to make semiconductors, the metal, like antimony, is used in defense production.

“China has a declining tungsten production, but tungsten is absolutely vital, far more than antimony, in military applications,” said Christopher Ecclestone, principal and mining strategist at Hallgarten & Company.

He expects China will put export controls on tungsten by the end of the year, if not in the next month or two.[...]

Starting in 2026, the U.S. REEShore Act prohibits the use of Chinese tungsten in military equipment. That refers to the Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022.[...]

China is acting more in retaliation “against what it views as an intrusion into its national interests,” Markus Herrmann Chen, co-founder and managing director of China Macro Group, said in an email.

He pointed out that China’s Third Plenum meeting of policymakers in July “put forward a completely new policy goal of better coordinating the entire minerals value chain, likely reflecting the further heightened supply importance of ‘strategic mineral resources’ for both business and geoeconomic interests.”

Stupid games:[X] Prizes [20 Aug 24]

[loving-n0t-heyting]

idk much about the internal politics of the congo but i know a liiiittle bit about the internal politics of south africa and the actual major marxist-leninist party there is in fact quite enthusiastic about continuing rare metal mining except the justification has very little to do about the role to be played by platinum or w/e in the fantasy of a global socialist republic and more to do with the more down-to-earth pre-revolutionary reality that if you get industrial/resource sovereignty you can use the leverage on intl markets to sell the metals for $$$$ to increase domestic living standards

which makes the "leftist debates" on the topic ppl conduct here all seem kinda not terribly grounded

[mindblowingscience]

Nearly all technology today—from cellphones to computers to MRI scanners—contains rare earth elements (REEs). The global market for REEs is predicted to reach $6.2 billion (USD) this year and $16.1 billion (USD) by 2034. High concentrations of one particular REE—lanthanum—are often found in mine tailings. Runoff from this waste can make its way into nearby bodies of water where it poses a risk to human health and the environment. As a result, researchers are on the hunt for ways to recover the material.

Continue Reading.

[materialsscienceandengineering]

Recovering in-demand metals for new electronics—researchers find industrial-strength adsorbents soak up lanthanum

Nearly all technology today—from cellphones to computers to MRI scanners—contains rare earth elements (REEs). The global market for REEs is predicted to reach $6.2 billion (USD) this year and $16.1 billion (USD) by 2034. High concentrations of one particular REE—lanthanum—are often found in mine tailings. Runoff from this waste can make its way into nearby bodies of water where it poses a risk to human health and the environment. As a result, researchers are on the hunt for ways to recover the material. Michael Chan, working under the supervision of Dr. Huu Doan in the Department of Chemical Engineering at Toronto Metropolitan University (TMU), recently discovered that industrial-strength chemical adsorbents can be used to "soak up" lanthanum from that mine waste. The research is published in the journal Inorganics.

Read more.

[spiderfreedom]

i notice a lot of tumblr users seem convinced apple is the only company that uses unethically sourced electronics materials and foxconn, and i'm sorry to say that's not true

every nintendo console since the gamecube has been produced by foxconn

sony's playstation consoles are produced by foxconn

the xbox consoles are produced by foxconn

like basically every major tech company you know of has worked with foxconn, xiamoi, nokia, sega, google, the blackberry

and that's just foxconn, that's just the people putting the stuff together. (to read more on this, I strongly recommend the book "Dying for an iPhone", which is a history of Foxconn and Foxconn's relation with Apple)

resource extraction is an even uglier game with fewer players. I'm sure you guys have heard about the congolese protests recently due to the mines expanding

nothing about the technology supply chain is clean or ethical. now, lots of supply chains are unethical and involve slavery or exploitation in some way or another - see the supply chain for textiles. but whereas an especially motivated and well-off person could buy from small farms for wool, the capital requirements to extract rare earth metals are so large that only large firms can afford to do so. firms with no incentive to increase the price of these operations by voluntarily caring about safety or ethics. the countries that are being extracted from are so poor and exploited that they have no real way to fight back, either.

i know we've all grown up with console wars and mobile phone wars and nintendo vs sony vs microsoft, nintendo vs sega, android vs iphone, but i'm sorry to say that it's all marketing, and all these companies play the dirty game of forced labor in their supply chain.

i can't tell you what the solution to this because 1. i am not an expert in international business? and 2. when transnational entities get involved, things very quickly become way out of the reach of what an ordinary citizen or even groups of citizens can do. foreign policy and business is out of our sphere of influence.

that's not to turn everyone into doomers, but to give perspective. there's no ethical console war here. if you're a student and you want to make this your career path, study economics, law, transnationalism... I recommend the book "Challenging the Chip: Labor Rights and Environmental Justice in the Global Electronics Industry," which is from 2006 but still relevant. (if you are in university, check jstor, your uni may have the book!)

[theculturedmarxist]

“The war in Ukraine is also a battle for raw materials. The country has large deposits of iron, titanium and lithium, some of which are now controlled by Russia.” That’s what the federally owned German foreign trade agency Germany Trade and Invest (GTAI) reported on its website on January 16 under the title “Ukraine’s raw materials wealth at risk.”

There are trillions at stake. According to the GTAI, “raw material deposits worth $12.4 trillion” remain beyond the control of the Ukrainian army, “including 41 coal mines, 27 gas deposits, 9 oil fields and 6 iron ore deposits.” Ukraine has not only coal, gas, oil and wheat but also rare earths and metals—especially lithium, which has been called the “white gold” of the transition to new energy and transportation technologies. The country accounts for around one-third of Europe’s explored lithium deposits.

Only the ignorant could believe that this is irrelevant to NATO’s war aims. It would be the first major war in over 100 years that is not about mineral resources, markets and geostrategic interests. The World Socialist Web Site has pointed out in previous articles that deposits of critical raw materials in Russia and China, which are essential to the transition to electric mobility and renewable energy, are an important factor in the war calculus of NATO states.

Yet they go unmentioned in the media’s round-the-clock war propaganda. The media wish the public to believe that NATO is waging this war to defend “freedom” and “democracy”—and that after bombing Afghanistan, Iraq, Libya and Syria back into the Middle Ages under similar pretexts.

Relevant trade journals, industry magazines and think tanks, on the other hand, rave about Ukraine’s mineral wealth and discuss how best to capture it. It was to this end that German Economics Minister Robert Habeck (Green Party) even traveled to Ukraine at the beginning of April with a high-ranking business delegation.

According to the industry magazine Mining World, Ukraine has a total of around 20,000 raw material deposits, of which only 7,800 have been explored. Numerous other articles and strategy papers openly state that this is what the war is about.

On February 24, 2022, the day of the Russian invasion of Ukraine, the largest German business magazine, Capital, published an article stating that “Europe’s supply of raw materials” was “threatened” by the Russian occupation of eastern Ukraine. Ukraine was not only “the leading grain exporter” but also the largest EU supplier of iron ore pellets and “a linchpin for Europe’s energy security.” Among investors, the magazine said, there is “concern that the war will cut off exports of key raw materials.”

The GTAI article cited earlier reports that European steel mills were sourcing nearly one-fifth of their iron ore pellets from Ukraine in 2021. GTAI goes on to write that Ukraine is among the top ten producers of iron ore, manganese, zirconium, and graphite, and is “among the world leaders in titanium and kaolin.” In addition to “untapped oil and gas fields,” Ukraine’s lithium and titanium deposits, in particular, hold “enormous potential” for the European economy. In 2020, production volumes amounted to 1,681,000 tons of kaolin, 537,000 tons of titanium, 699,000 tons of manganese and 49,274,000 tons of iron ore.

Lithium for electromobility and energy storage

The price of lithium has increased more than eightfold in the last decade and is the subject of intense speculation. The metal is of strategic importance to the major imperialist powers because it is used in lithium-ion batteries installed in electric vehicles and off-grid renewable energy sources, and is also needed for lightweight aluminum alloys in the aerospace industry.

The largest lithium deposit in Europe is located in the Donetsk Oblast in the middle of the embattled Donbas region, only kilometers from the front lines. An article in the Tagesspiegel, published two months after the Russian invasion, points to untapped lithium reserves of 500,000 tons in Shevchenko near Potrovsk and at least two other Ukrainian deposits.

Western companies and Ukrainian oligarchs were already fighting bitterly for control of this “white gold” before the war. As the Tagesspiegel reports, “Ukrainian businessmen” (who stood close to the Ukrainian government of the time under the oligarch Petro Poroshenko) with connections to Western mining companies obtained mining licenses, without a tender process, for the lithium deposit in Shevchenko as early as 2018.

The company in question, Petro Consulting—which was renamed “European Lithium Ukraine” shortly before the war began—is expected to be bought out by the Australian-European mining company European Lithium once its access to Ukraine’s lithium reserves is secured.

In 2018, when the Ukrainian Geological Survey refused to issue a “special permit” for Ukraine’s second largest lithium deposit at Dobra, likewise bypassing the tender process, Petro Consulting went so far as to sue the agency. After the Ukrainian Procurator General’s Office eventually launched an investigation into the allegedly illegal special permits, Petro-Consulting had its Shevchenko mining license revoked by the courts in April 2020 until further notice.

However, a spokesman for European Lithium told Der Tagesspiegel that the company bears “no risk in connection with the Ukrainian deposits.” He expressed confidence that the projects would be “made production-ready” after the end of the war.

Titanium for the Western arms industry

In a September 2022 article titled “Ukraine’s Titanium Can Armor the West,” the transatlantic think tank Center for European Policy Analysis (CEPA) wrote: “Support for Ukraine has been driven by strategic concerns and moral-political values. But long-term Western help should also be based on solid material interests.”

“Ukraine’s substantial titanium deposits” are “a key resource critical to the West” because the metal is “integral to many defense systems,” such as aircraft components and missiles. Currently, the raw material for Airbus, Boeing and Co. is extracted “in an expensive and time-consuming six-step process” from titanium ore, which until then had been sourced to a considerable extent from Russia. This “dependence” on “strategic competitors and adversaries” is unacceptable from the West’s point of view and can be ended with the help of Ukrainian resources:

For example, Dnipro-based Velta, the largest private exporter of raw titanium in Europe, has developed a new production system that bypasses the intensive process of producing titanium sponge and could supply the US and European defense and aerospace industries with finished metal. Given there are only five countries in the world actively producing titanium sponge —China, Russia, Kazakhstan, Japan and Ukraine — Velta’s technology could be a game changer for the supply chain by cutting reliance on Russia and China.

CEPA is funded by US and European defense contractors and lists as members of its “scientific advisory board” Donald Trump’s National Security Advisor General H. R. McMaster, former German Defense Minister Annegret Kramp-Karrenbauer, former Swedish Prime Minister Carl Bildt and publicists Anne Applebaum, Francis Fukuyama, and Timothy Garton Ash among others.

The CEPA article continues, “Reorienting titanium contracts to Ukraine would stimulate the country’s economy, even during wartime, not to mention during postwar reconstruction, and simultaneously strike another blow at Russia’s war machine.” The goal, it states, should be “cementing Ukraine’s integration into Europe.”

A January 28, 2023 report in Newsweek reports, “there is a nascent effort underway in the U.S. and allied nations to identify, develop, and utilize Ukraine’s vast resources of a key metal crucial for the development of the West’s most advanced military technology which will form the backbone of future deterrence against Russia and China.” The report adds, “If Ukraine wins, the U.S. and its allies will be in sole position to cultivate a new conduit of titanium.”

“Strategic raw materials partnership” between EU and Ukraine

The US and EU efforts to plunder Ukraine’s lithium and titanium deposits are part of the broader goal of tying Ukraine to the West as a strategic raw materials supplier. In particular, the EU is seeking to free itself from dependence on China—currently its most important raw materials supplier—against which the imperialist powers, especially the United States, are preparing to wage war.

On July 13, 2021, Ukrainian Prime Minister Denys Shmyhal and Maroš Šefčovič, Vice President of the European Commission, signed a “Strategic Partnership on Raw Materials and Batteries” in Kiev to “integrate critical raw materials and battery value chains.” Ukraine’s inclusion in the European Raw Materials Alliance (ERMA) and the European Battery Alliance (EBA) serves to “bolster Europe’s resilience and open strategic autonomy in key technologies,” the EU Commission said.

Referring to the list of critical raw materials in the EU’s associated “action plan,” Šefčovič told the press, “21 of these critical raw materials are in Ukraine, which is also extracting 117 out of 120 globally used minerals.” He added: “We’re talking about lithium, cobalt, manganese, rare earths—all of them are in Ukraine.”

Following the signing, EU Internal Market Commissioner Thierry Breton, who is also responsible for the defense and space industries of EU countries, praised the “high potential of the critical raw material reserves in Ukraine” that could help in “addressing some of the strategic dependencies [of the EU].”

Speaking at Raw Materials Week in Brussels in November 2022, Prime Minister Shmyhal stressed that Ukraine is “among the top ten producers of titanium, iron ore, kaolin, manganese, zirconium and graphite” and renewed his pledge to make the country an “integral part of industrial supply chains in the EU.”

The EU’s “strategic dependencies” are by no means limited to Russia or China and certainly not to Ukraine. A global race for strategic sources of raw materials has long since begun, in the course of which the US and the leading EU powers are attempting to divide among themselves the mineral resources and other resources of the “weaker” states. Although they are jointly waging war against Russia in Ukraine, this inevitably exacerbates conflicts between themselves as well.

The escalation of the war in Ukraine shows that the ruling elites are willing to go to extremes to enforce their profit interests. Only the working class can put an end to permanent war and the prospect of devastating nuclear war by bringing the resources of the entire planet under its democratic control on the basis of a socialist program and holding war profiteers to account.

[mariacallous]

As the relationship between the United States and China deteriorates, the battle between the two powers for supremacy in low-carbon industries is leading the slide. From batteries to solar panels to rare-earth metals used in wind turbines, technologies that over the past decade have cratered in cost and surged in scale – thanks to innovation supported by both Washington and Beijing – are targets in yet another trans-Pacific trade fight.

But investing in innovative green machines at home is only one way to affect the climate, and setting protectionist industrial policy is only one way to boost geopolitical power. At least as important to the planet is the money the United States and China spend on financing infrastructure in emerging markets and developing economies (EMDEs) — infrastructure that will lock in high or low carbon-emission pathways for decades. Never has it been more crucial that the two countries, even as they vie for supremacy in low-carbon innovation, support each other’s efforts to decarbonize their respective infrastructure finance flows.

China bankrolls more infrastructure in EMDEs than any other country. But much of that infrastructure has been dirty. According to a Boston University database, Chinese companies and so-called policy banks – large government-affiliated institutions – have financed 648 power plants in 92 countries.[1] Of those plants’ collective power-generation capacity, more than 50% burn fossil fuel, and 34% burn the dirtiest sort of fossil fuel: coal. But China, facing criticism and sensing shifting economics, has pledged to change that. In November 2021, Chinese President Xi Jinping declared that his country “will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad.”[2] Today, more than a year later, China must make good on that pledge through deep, structural changes to its political economy; otherwise, changes in its outbound investment will not take hold.

China’s task is daunting, threatening some of the biggest companies in China and thus in the world. It is even more intimidating because it looms at a time of perilous animosity between Washington and Beijing, evidenced by military brinkmanship over Taiwan, tit-for-tat trade barriers on products ranging from computer chips to solar panels, and superpower shadowboxing over Russia’s war in Ukraine. Yet China’s decarbonization of its foreign infrastructure finance is existentially important — for the planet, the Chinese economy, and U.S. citizens and firms. Contrary to the zero-sum view toward China that constitutes conventional wisdom in Washington, the winning strategy for the United States is not merely to try to eclipse China as an international financier of green infrastructure. The United States is trying to do that, notably through the Partnership for Global Infrastructure and Investment, a plan the administration of U.S. President Joe Biden and its G-7 allies announced last June to boost infrastructure investment in EMDEs, in large part to fight climate change. That effort was conceived broadly as a geopolitical counter to the Belt and Road Initiative (BRI), China’s decade-old infrastructure- and market-building campaign across the Global South, and to the BRI’s newer sibling, China’s Global Development Initiative (GDI).[3] To be sure, a greening of U.S. and G-7 infrastructure investment abroad is needed and welcome. But it is insufficient. The smart strategy for the United States, even as it decarbonizes its own outbound infrastructure finance, is to encourage maximal greening of China’s massive infrastructure investment abroad — and to leverage that Chinese spending to create new opportunities for export-focused U.S. firms in a decarbonizing world.

[govindtbrc]

Neodymium Foil Market: Innovations in Magnetic Materials up to 2033

Market Definition

The Neodymium Foil Market encompasses thin sheets of neodymium, a rare-earth metal known for its high magnetic strength and applications in various advanced technologies. Neodymium foil is used in sectors such as electronics, renewable energy, and advanced manufacturing, where its unique properties, like excellent magnetic capabilities and high thermal stability, are crucial. The market caters to applications in permanent magnets, laser systems, sensors, and other high-tech equipment.

To Know More @ https://www.globalinsightservices.com/reports/neodymium-foil-market

The neodymium foil market is anticipated to expand from $0.45 billion in 2023 to $0.75 billion by 2033, with a CAGR of 5.2%, reflecting robust growth.

Market Outlook

The Neodymium Foil Market is projected to experience growth driven by increasing demand across multiple high-tech industries. The rise in electric vehicles (EVs) and renewable energy projects, such as wind power, has significantly increased the need for neodymium-based permanent magnets. These magnets are essential components in electric motors and wind turbines, where neodymium foil plays a critical role in enhancing magnetic strength and efficiency.

The consumer electronics sector is also contributing to the market’s expansion. Devices such as smartphones, laptops, and headphones rely on neodymium-based components for better sound quality and performance. With the ongoing advancements in electronic gadgets, the demand for neodymium foil is expected to remain strong. Additionally, the growth of the laser technology market, particularly in applications like precision machining and medical devices, is providing further impetus for neodymium foil adoption.

Technological advancements in neodymium foil production, such as improved manufacturing techniques for enhanced material purity and thickness control, are driving market innovation. Manufacturers are focusing on developing higher-quality foils with better magnetic properties and resistance to corrosion, which are vital for ensuring long-term performance in demanding environments.

Despite the positive market outlook, the Neodymium Foil Market faces challenges. The high cost of rare-earth metals, coupled with supply chain vulnerabilities due to geopolitical factors, poses a significant risk to market stability. The dependence on a limited number of countries for rare-earth metal supply, particularly China, raises concerns about resource availability and price volatility. Environmental regulations related to rare-earth metal mining and processing also present challenges to market growth.

However, opportunities are emerging as countries and companies invest in diversifying the supply chain for rare-earth elements and developing recycling technologies. Initiatives to increase domestic production and improve the efficiency of neodymium recycling are gaining momentum, which could help mitigate supply risks. Additionally, advancements in material science are opening new avenues for the application of neodymium foil, particularly in emerging technologies like 5G networks and space exploration.

Request the sample copy of report @ https://www.globalinsightservices.com/request-sample/GIS31630

[reportprime1]

Vehicle Motors Market: Trends, Growth, and Future Opportunities

The Vehicle Motors market is expected to grow from USD 46.39 Billion in 2024 to USD 75.27 Billion by 2030, at a CAGR of 8.40% during the forecast period.

The vehicle motors market has emerged as a pivotal segment of the global automotive industry, fueled by advancements in electrification, stringent emission regulations, and the growing adoption of electric vehicles (EVs). Vehicle motors play a crucial role in converting electrical energy into mechanical energy, ensuring optimal performance and energy efficiency. This market encompasses motors used in various types of vehicles, including electric, hybrid, and conventional internal combustion engine (ICE) vehicles.

Top Key Market Players are

Nidec, Mabuchi, Johnson Electric, Mitsuba, Buhler, Denso, Bosch, ASMO, Brose, Shilin Electric, Remy International, Valeo

For More Insights into the Market, Request a Sample of this Report: https://www.reportprime.com/enquiry/sample-report/19870

Key Market Drivers

Rise of Electric Vehicles (EVs): The accelerating shift toward EVs is one of the primary drivers of the vehicle motors market. Governments worldwide are implementing policies to promote EV adoption, such as subsidies, tax rebates, and infrastructure development. Electric motors, which form the core of EV propulsion systems, are experiencing unprecedented demand. This trend is expected to grow further as automakers expand their EV portfolios to meet sustainability goals.

Stringent Emission Standards: With global efforts to reduce carbon emissions, regulatory bodies are enforcing stricter fuel efficiency and emission norms. This has prompted automakers to adopt advanced motor technologies, such as brushless DC motors and permanent magnet synchronous motors, to enhance vehicle efficiency.

Technological Advancements: Innovations in motor technology, such as high-efficiency motors and lightweight designs, are propelling market growth. Emerging trends, including integrated motor and inverter systems, are reducing the overall weight and complexity of propulsion systems, thereby improving vehicle performance.

Market Segmentation

By Motor Type:

DC Brushed Motors: Common in ICE vehicles for auxiliary applications like power windows and wipers.

Brushless DC Motors (BLDC): Preferred for EVs due to their high efficiency, reliability, and low maintenance.

Induction Motors: Widely used in hybrid vehicles for traction purposes.

Permanent Magnet Synchronous Motors (PMSM): Dominant in high-performance EVs due to their superior efficiency and power density.

By Vehicle Type:

Passenger Cars: The largest market segment, driven by the rapid adoption of EVs and hybrids.

Commercial Vehicles: Growing investments in electric buses and trucks are boosting demand in this segment.

Two-Wheelers: Rising urbanization and e-mobility trends are fueling the use of electric motors in scooters and motorcycles.

By Geography:

North America: Robust EV adoption and government incentives are key growth factors.

Europe: A leader in EV innovation, with stringent emission norms driving market demand.

Asia-Pacific: Rapid industrialization, urbanization, and the dominance of automotive giants like China and Japan make this region a growth hub.

Challenges in the Market

Despite its promising growth, the vehicle motors market faces several challenges. One major obstacle is the high cost associated with advanced motor technologies, which can hinder adoption in cost-sensitive markets. Additionally, the scarcity of raw materials like rare earth metals used in permanent magnet motors poses a supply chain risk. Overcoming these challenges will require a focus on alternative materials, improved recycling technologies, and government policies supporting sustainable practices.

Future Trends and Opportunities

Integration of AI and IoT: The integration of artificial intelligence (AI) and the Internet of Things (IoT) in vehicle motors is revolutionizing their functionality. Smart motors equipped with predictive maintenance capabilities and energy management systems are likely to dominate future markets.

Focus on Sustainability: As sustainability becomes a core focus, the development of recyclable motor components and energy-efficient designs will be pivotal. Research into bio-based materials for motor construction is also gaining traction.

Expansion of EV Infrastructure: The growth of EV charging networks and advancements in battery technology will further enhance the adoption of electric motors.

[hariganesh858]

Marine Mining Market

Marine Mining Market Size, Share, Trends: Nautilus Minerals Inc. Leads

Advancements in Underwater Mining Technologies Driving Market Growth

Market Overview: 

The global marine mining market is expected to grow at a CAGR of 33.4% during the forecast period of 2024-2031, reaching a market size of USD YY billion by 2031 from USD XX billion in 2024. The Asia-Pacific region is projected to dominate the market, driven by the increasing demand for precious metals and minerals from the automotive and electronics industries. The growth of the marine mining market is fueled by factors such as the depletion of onshore mineral reserves, advancements in underwater mining technologies, and growing investments in offshore exploration activities. However, environmental concerns and regulatory challenges may restrain the market growth to some extent.

Technological advancements in underwater mining equipment and procedures are a significant trend propelling the marine mining sector forward. The development of sophisticated remotely operated vehicles (ROVs), autonomous underwater vehicles (AUVs), and modern sonar systems has allowed for more efficient and cost-effective exploration and exploitation of deep-sea natural resources. For example, the employment of ROVs outfitted with high-resolution cameras, sensors, and robotic arms has substantially increased the precision and efficiency of underwater mining operations.

DOWNLOAD FREE SAMPLE

Market Trends: 

The rising demand for precious metals and minerals from various end-use industries, particularly automotive and electronics, is a major driving force behind the maritime mining business. Copper, nickel, cobalt, and rare earth metals are essential components in the creation of electric vehicles, batteries, telephones, and other high-tech products. As demand for these products grows, the necessity for a consistent and long-term supply of raw materials drives the exploration and exploitation of deep-sea mineral reserves.

Despite the tempting prospects, the marine mining market's expansion may be hampered by growing environmental concerns and regulatory restrictions. Deep-sea mining has the potential to devastate marine ecosystems, biodiversity, and coastal communities' livelihoods. Environmental groups and certain governments are calling for stronger rules and moratoriums on deep-sea mining until the environmental consequences are properly understood and managed. Marine mining firms may face major hurdles in complying with changing environmental regulations and acquiring required permits and licenses.

Market Segmentation: 

The remotely operated vehicle (ROV) category is likely to dominate the maritime mining market during the forecast period. ROVs are underwater robots that are remotely controlled by surface operators and are widely employed for deep-sea research, sampling, and mining. This segment's expansion is being driven by the increasing use of ROVs, which can access deep and dangerous underwater settings, collect high-resolution data, and undertake precise mining operations.

Major marine mining businesses are investing in the development and deployment of advanced ROVs to improve their underwater mining capabilities. For example, in 2023, Nautilus Minerals, a well-known deep-sea mining business, will debut a new fleet of ROVs outfitted with cutting-edge sensors, manipulators, and sampling equipment to support mining activities in the Bismarck Sea.

Market Key Players:

Nautilus Minerals Inc.

Deep Green Metals Inc.

UK Seabed Resources Ltd.

Ocean Mineral Singapore Pte. Ltd.

Diamond Fields Resources Inc.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[kristinahertzz]

Automotive Magnetic Products Market

Automotive Magnetic Products Market Size, Share, Trends: Hitachi Metals, Ltd. Lead

Increasing Adoption of Rare-Earth Magnets in Automotive Applications Drives Market Growth

Market Overview:

The Automotive Magnetic Products Market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market value is expected to increase from USD XX billion in 2024 to USD YY billion by 2031. Asia-Pacific is anticipated to be the dominant region in this market. Key metrics include the increasing adoption of electric vehicles, rising demand for advanced driver assistance systems (ADAS), and growing focus on vehicle electrification. The market is experiencing robust growth driven by technological advancements in magnetic materials and the automotive industry's shift towards more efficient and sustainable solutions.

DOWNLOAD FREE SAMPLE

Market Trends:

The automotive magnetic products market is undergoing a significant shift towards the use of rare-earth magnets, notably neodymium-iron-boron (NdFeB). These magnets offer excellent magnetic properties, such as high remanence and coercivity, making them ideal for a wide range of automotive applications, including electric motors, sensors, and actuators. The automobile sector is driving the trend by emphasizing vehicle performance, efficiency, and weight reduction. Rare-earth magnets enable the development of more compact and powerful electric motors, which contribute to the electrification of automobiles and the advancement of hybrid and electric vehicle technologies.

Market Segmentation:

Permanent magnets are projected to maintain their dominance in the automotive magnetic products market due to their vital role in many vehicle systems. These magnets offer high magnetic strength, stability, and efficiency, making them important in electric motors, sensors, and actuators. The growing use of electric and hybrid vehicles is boosting demand for permanent magnets, particularly neodymium-iron-boron (NdFeB). These magnets are necessary for the production of high-performance electric traction motors, which form the basis of EV powertrains.

Recent technological breakthroughs have underlined the increasing importance of permanent magnets in the automotive industry. For example, large manufacturers have made enormous investments to protect their rare-earth magnet supply chains. In 2023, a major European automaker formed a strategic relationship with a rare-earth mining company to ensure a consistent supply of magnetic materials for its growing EV manufacturing line.

Market Key Players:

Hitachi Metals, Ltd.

TDK Corporation

Magnequench International, LLC

Arnold Magnetic Technologies

Ningbo Yunsheng Co., Ltd.

Vacuumschmelze GmbH & Co. KG

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[bllsbailey]

Trump Plans Sweeping Rollback of Biden EV, Emissions Policies

Incoming President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters.

The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China's heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. On the campaign trail, Trump vowed to ease regulations on fossil-fuel cars and roll back what he called President Joe Biden's EV mandate.

The transition team also recommends imposing tariffs on all battery materials globally, a bid to boost U.S. production, and then negotiating individual exemptions with allies, the document shows.

Taken together, the recommendations are a stark departure from Biden administration policy, which sought to balance encouraging a domestic battery supply chain, separate from China, with a rapid EV transition. The transition-team plan would redirect money now flowing to building charging stations and making EVs affordable into national-defense priorities, including securing China-free supplies of batteries and the critical minerals to build them.

The proposals came from a Trump transition team charged with crafting a strategy for swift implementation of new automotive policies. The team also calls for eliminating the Biden administration's $7,500 tax credit for consumer EV purchases, a plan that Reuters first reported last month. The policies could strike a blow to U.S. EV sales and production at a time when many legacy automakers, including General Motors and Hyundai, have recently introduced a wider array of electric offerings to the U.S. market.

Cutting government EV support could also hurt sales of Elon Musk's Tesla, the dominant U.S. EV seller. But Musk, who spent more than a quarter-billion dollars helping to elect Trump, has said that losing subsidies would hurt rivals more than Tesla.

The transition team calls for clawing back whatever funds remain from Biden's $7.5 billion plan to build charging stations and shifting the money to battery-minerals processing and the "national defense supply chain and critical infrastructure."

While batteries, minerals and other EV components are "critical to defense production," electric vehicles "and charging stations are not," the document says.

The Defense Department in recent years has highlighted U.S. strategic vulnerabilities because of China's dominance of the mining and refining of critical minerals, including graphite and lithium needed for batteries, and rare-earth metals used in both EV motors and military aircraft.

A 2021 government report said the U.S. military faces "escalating power requirements" for weapons and communication equipment, among other technologies. "Assured sources of critical minerals and materials" are "critical to U.S. national security," the report found.

Trump transition spokeswoman Karoline Leavitt said voters gave Trump a mandate to deliver on campaign promises, including stopping government attacks on gas-powered cars.

"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.

Allowing More Tailpipe Pollution

Automakers globally have been shifting toward electric vehicles in part to comply with stricter government limits on climate-damaging tailpipe pollution.

But the transition team recommendations would allow automakers to produce more gas-powered vehicles by rolling back emissions and fuel-economy standards championed by the Biden administration. The transition team proposes shifting those regulations back to 2019 levels, which would allow an average of about 25% more emissions per vehicle mile than the current 2025 limits and average fuel economy to be about 15% lower.

The proposal also recommends blocking California from setting its own, stricter vehicle-emissions standards, which more than a dozen other states have adopted. Trump barred California from setting tougher requirements during his first term, a policy that Biden reversed.

California has asked the U.S. Environmental Protection Agency for another waiver to incorporate a stronger set of requirements beginning in 2026, which would eventually require all vehicles to be electric, plug-in hybrid or hydrogen-powered by 2035. The Biden administration's EPA has not approved California's request.

Many of the transition-team proposals appear aimed at encouraging domestic battery production, primarily for defense-related interests. Others appear aimed at protecting automakers, even those producing EVs, in the United States.

The proposals include:

Instituting tariffs on "EV supply chain" imports including batteries, critical minerals and charging components. The proposal viewed by Reuters said the administration should use Section 232 tariffs, which target national security threats, to limit imports of such products. The Biden administration recently increased tariffs on Chinese imports of several mentioned in the Trump-transition document, including lithium-ion batteries, graphite and "permanent magnets" used in EV motors and military applications. Those tariffs were issued on economic rather than security grounds.

Waiving environmental reviews to speed up "federally funded EV infrastructure projects," including battery recycling and production, charging stations and critical mineral manufacturing.

Expanding export restrictions on EV battery technology to adversarial nations.

Providing support for exports of U.S.-made EV batteries through the Export-Import Bank of the United States.

Using tariffs as a "negotiating tool" to open foreign markets to U.S. auto exports, including EVs.

Eliminating requirements that federal agencies purchase EVs. A Biden policy requires all federal acquisitions of cars and smaller trucks to be zero-emission vehicles by the end of 2027.

Ending DOD programs aimed at purchasing or developing electric military vehicles.

[marketingreportz]

Automotive Power Electronics Market - Forecast(2024 - 2030)

Automotive Power Electronics Market Overview

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Additionally, consumer preferences are evolving towards vehicles that offer better energy efficiency, safety, and convenience, all of which are enabled by sophisticated power electronic systems. Manufacturers are investing heavily in research and development to innovate and stay competitive in this dynamic market. Furthermore, government incentives and subsidies for EVs are further propelling the adoption of automotive power electronics. This market trajectory is expected to continue its upward trend, as the integration of power electronics in vehicles becomes more prevalent, aligning with the broader goals of energy conservation and environmental sustainability.

Market Snapshot:

COVID-19/Russia-Ukraine War Impact

The COVID-19 pandemic significantly disrupted the automotive power electronics market, initially causing production halts and supply chain disruptions. As factories shut down and demand for vehicles plummeted, manufacturers faced challenges in maintaining operations and meeting financial targets. However, the pandemic also accelerated the adoption of electric vehicles (EVs), driven by increased awareness of environmental issues and government incentives. This shift spurred innovations in power electronics, essential for EVs’ efficiency and performance. Consequently, despite short-term setbacks, the industry experienced a renewed focus on developing advanced power electronics solutions, paving the way for long-term growth and resilience in a post-pandemic era.

The Russo-Ukraine War has significantly impacted the automotive power electronics sector, primarily through disruptions in the supply chain and fluctuations in raw material prices. The conflict has caused instability in the region, affecting the production and transportation of essential components like semiconductors and rare earth metals, crucial for power electronics. This disruption has led to increased costs and delays, compelling manufacturers to seek alternative sources and adjust their supply chains. Additionally, the economic sanctions imposed on Russia have further strained international trade relations, exacerbating the challenges faced by the automotive industry. Consequently, companies are re-evaluating their strategies to mitigate risks and ensure resilience in their operations, focusing on diversifying suppliers and investing in local manufacturing capabilities to reduce dependency on geopolitically sensitive regions.

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Automotive Power Electronics Market Report Coverage

The report “Automotive Power Electronics Market Forecast (2024–2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Automotive Power Electronics Market: By Component: Microcontroller Unit, Power Integrated Circuit, Sensors, Others By Vehicle Type: Passenger Cars, Commercial Vehicles By Electric Vehicle Type: Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles By Application: Powertrain & Chassis, Body Electronics, Safety & Security, Infotainment & Telematics, Energy Management System, Battery Management System By Geography: North America (USA, Canada, and Mexico), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), and Rest of the World (Middle East, and Africa)

Key Takeaways

Asia-Pacific dominated the Automotive Power Electronics market with a share of around 50% in the year 2023.

The automotive industry’s need to meet stricter safety regulations and reduce emissions, coupled with rising consumer demand for electric vehicles, will propel the growth of the automotive power electronics market throughout the forecast period.

Apart from this, thrust to equip vehicles with advanced power solutions is driving the growth of Automotive Power Electronics market during the forecast period 2024–2030.

For More Details on This Report — Request for Sample

Automotive Power Electronics Market Segment Analysis — By Vehicle Type

The demand for automotive power electronics in passenger cars is escalating due to government initiatives promoting the integration of advanced electronics. This surge is driven by policies aimed at enhancing vehicle efficiency, safety, and environmental performance. For instance, in March 2024, the European Union introduced new regulations mandating the inclusion of advanced driver-assistance systems (ADAS) in all new cars, significantly boosting the need for sophisticated power electronics. Similarly, the U.S. government has increased funding for electric vehicle (EV) infrastructure, encouraging automakers to incorporate more power-efficient electronic components. Additionally, China’s recent tax incentives for electric and hybrid vehicles, announced in January 2024, have accelerated the adoption of power electronics to improve performance and range. These initiatives are fostering innovation and production of cutting-edge electronic components, such as inverters and onboard chargers, essential for modern passenger cars. As a result, automotive manufacturers are increasingly investing in power electronics to comply with regulations, meet consumer expectations, and gain a competitive edge in the evolving market.

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Automotive Power Electronics Market Segment Analysis — By Electric Vehicle Type

The demand for automotive power electronics in hybrid electric cars is rapidly increasing due to the global imperative to decarbonize the transport sector and reduce reliance on fossil fuels. Governments worldwide are implementing stringent regulations and incentives to promote the adoption of hybrid and electric vehicles. In January 2024, the European Union introduced enhanced subsidies for hybrid vehicle purchases, coupled with stricter emission standards, significantly boosting the market for power electronics. Similarly, the U.S. launched the “Clean Transport Initiative” in April 2023, providing substantial tax breaks and grants for hybrid car manufacturers to innovate and scale up production. Additionally, Japan’s latest energy policy, announced in February 2024, includes a comprehensive plan to phase out internal combustion engines, further propelling the demand for hybrid vehicles equipped with advanced power electronics. These components, such as power inverters, converters, and battery management systems, are essential for enhancing the efficiency and performance of hybrid electric cars. As a result, automotive companies are accelerating investments in power electronics technology to meet regulatory requirements, cater to consumer preferences, and contribute to a sustainable future.

Automotive Power Electronics Market Segment Analysis — By Geography

On the basis of geography, Asia-Pacific held the highest segmental market share of around 50% in 2023, The Asia-Pacific region is the largest market for automotive power electronics, driven by high vehicle production rates and the increasing adoption of advanced electronics in automobiles. Countries like China, Japan, and South Korea are leading in vehicle manufacturing, with major automakers integrating sophisticated power electronic components to enhance vehicle efficiency and performance. For example, in March 2024, Toyota introduced a new hybrid model equipped with cutting-edge power electronics, significantly improving energy management and fuel efficiency. Similarly, BYD in China launched an electric vehicle series in February 2024, featuring advanced inverters and converters, which contribute to extended driving ranges and faster charging times. These innovations reflect the region’s robust focus on technological advancements and sustainable transportation solutions. The strategic partnerships between automotive giants and technology firms, such as Hyundai’s collaboration with LG Electronics to develop next-generation battery management systems in April 2023, further underscore the region’s leadership in this sector. This confluence of high production volumes and technological integration ensures that the Asia-Pacific market remains at the forefront of automotive power electronics development.

Automotive Power Electronics Market Drivers

The rising market for the electric vehicles is the key factor driving the growth of Global Automotive Power Electronics market

The growing demand for automotive power electronics is being significantly driven by the expanding electric vehicle (EV) market. As global initiatives to reduce carbon emissions intensify, consumers and manufacturers alike are shifting towards EVs, which rely heavily on power electronics for various critical functions. These components, including inverters, converters, and battery management systems, are essential for optimizing the performance, efficiency, and range of electric vehicles. Automakers are ramping up production of EVs, incorporating advanced power electronics to meet regulatory standards and consumer expectations for sustainability and high performance. The technological advancements in power electronics are also enabling faster charging, improved energy management, and enhanced vehicle safety, further boosting their demand. Consequently, the automotive industry is experiencing a surge in innovation and investment in power electronics to support the burgeoning EV market, positioning it as a pivotal element in the future of transportation.

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Automotive Power Electronics Market Challenges

The high cost of electric vehicles is expected to restrain the market growth

The high cost of electric vehicles (EVs) negatively impacts the automotive power electronics market by limiting consumer adoption and market growth. Despite the technological advancements and environmental benefits of EVs, their higher price compared to traditional vehicles remains a significant barrier. This cost premium is largely due to expensive components such as batteries and advanced power electronics systems, including inverters and converters, which are essential for EV functionality. As a result, potential buyers are often deterred by the initial investment required, slowing the transition to electric mobility. Consequently, manufacturers face challenges in achieving economies of scale, which further drives up costs. This cyclical issue restricts market expansion and inhibits broader implementation of power electronics innovations, ultimately stalling progress towards widespread EV adoption and the associated benefits of reduced emissions and improved energy efficiency in the automotive sector.

Automotive Power Electronics Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Automotive Power Electronics Market. The key companies in the Automotive Power Electronics Market are:

STMicroelectronics N.V.

Infineon Technologies AG

Fuji Electric Co., Ltd.

NXP Semiconductors N.V.

Renesas Electronics Corporation

Toshiba Corporation

Mitsubishi Electric

Huawei Digital Power

Robert Bosch GmbH

Hitachi Energy

Recent Developments

In May 2022, STMicroelectronics joined forces with Microsoft to make development of highly secure IoT devices easier.

In March 2023, Infineon Technologies announced the acquisition of GaN Systems, a global leader in gallium nitride (GaN)-based power conversion solutions. This move strengthened Infineon’s position in the market.

For more Automotive Market reports, please click here

#AutomotivePowerElectronics#ElectricVehicles#EVTech#PowerConversion#ElectricDrive#AutomotiveInnovation#BatteryManagement

[erwinrer]

Mongolia has to help solve South Korea's problem, but it has to ask China on how to be shipped out

As China's controls on gallium and germanium come into effect, the United States is preparing to extract the waste, and South Korea, a semiconductor power, is worried about turmoil in the semiconductor market. Under such circumstances, Mongolia started its journey on a visit to the United States, trying to help the United States and South Korea solve their big problems, but without China's nod, nothing is out of the question.

China shakes South Korea semiconductor, Mongolia decided to move

Against the backdrop of the escalating resource war between China and the United States, Mongolian Prime Minister Oyun Erden visited the United States, and the two sides focused on how to better develop rare earths and other key fields. In addition, the two sides will also deepen their cooperation in food security, space cooperation and the climate crisis, and further expand the strategic partnership between the two countries.

In order to facilitate transport, the two sides also signed an agreement to open direct flights next year. US Vice President Harris was very happy and praised Mongolia as a reliable democracy and friend of the United States in the Indo-Pacific region. For this visit, the two sides had been discussing cooperation on rare earth and minerals two months ago and signed a memorandum of understanding, this time mainly to discuss how to implement it.

At the same time, the United States also brought its Allies, inviting South Korea to join the Korea, America and Mongolia Key Mineral Mechanism, aiming to stabilize the global key mineral supply chain and support cooperation among the three countries in the mining of lithium, rare earth and coal. This is also an important step for the United States to seek and build a new rare earth supply chain beyond its dependence on China.

Mongolia, on the other hand, has helped South Korea a lot. As a Korean country, South Korea has little rare earth resources of its own and needs to import from foreign countries. With the development of new energy vehicles and mobile phones, South Korea's demand for lithium is increasing, while the supply of lithium is relatively limited. Therefore, South Korea attaches great importance to lithium reserves, setting up a special rare metal reserve base and set reserve targets.

However, due to major environmental trends such as new energy vehicles and solar power generation, as well as controls or restrictions on the export of rare metals in some countries, the market for lithium has gone up again, leaving Korea's lithium reserves far below its target. According to public data, South Korea's current lithium capacity is only 5.8 days, far below the 100-day target, meaning that South Korean companies will face huge risks and losses if supply cuts or soaring prices occur.

Before that, China was South Korea's largest source of lithium imports, accounting for nearly 80 percent of its total total. China's lithium exports to South Korea are mainly lithium hydroxide, which is used to make products such as lithium-ion batteries. In addition, many rare metals are imported from China. So after China's controls on gallium and germanium took effect, South Korean media immediately worried that it would shake South Korea's semiconductor industry. Now with Mongolia as an option, South Korea will be more comfortable with a shortage of key resources.

How to transport the rare earth, we have to ask China your opinion

Although Han's idea is good, an important prerequisite is the geographical location of Mongolia. Because Mongolia is a landlocked country, caught up between China and Russia.

[global-research-report]

Permanent Magnets: Driving Advances in Automotive and Renewable Energy Sectors

Permanent Magnets Industry Overview

The global permanent magnets market size is projected to reach approximately USD 39.71 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% over the forecast period.. The rising number of supportive initiatives to promote healthcare infrastructure, especially in developing countries, is projected to aid the market growth over the forecast period.

The demand for the product is expected to be driven by the extensive usage in industrial automation amidst the COVID-19 outbreak and rising demand from the healthcare sector. Permanent magnets are used in various medical devices, such as blood separators, surgical devices, dental equipment, patient monitoring systems, drug delivery systems, and Magnetic Resonance Imaging (MRI) scanners, and other essential & non-essential healthcare devices. The COVID-19 outbreak in 2020 played a key role in driving the investments in developing healthcare infrastructure.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

For instance, the Government of India laid out the plan to upend its healthcare spending by nearly 3% of its total GDP by 2022. Such initiatives are likely to drive the product demand in the healthcare sector over the predicted timeline. The product is also significantly used in wearable electronic devices. The global economy is currently witnessing drastic developments in technology, which has led to the proliferation of smart electronic devices.

The market for wearable electronics devices, smartphones, and other smart technologies in advanced as well as emerging economies is likely to witness significant growth. This is likely to indirectly benefit the product demand over the forecast period. The global market is fragmented and is characterized by regional concentration. On account of the presence of large-scale rare earth metal deposits in China, numerous small, medium, and large-scale manufacturers are located in close vicinity.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global wet scrubber market size was valued at USD 1.17 billion in 2024 and is anticipated to grow at a CAGR of 8.5% from 2025 to 2030. 

The global wood chipper machines market size was valued at USD 402.9 million in 2024 and is expected to grow at a CAGR of 5.0% from 2025 to 2030. 

Permanent Magnets Market Segmentation

Grand View Research has segmented the global permanent magnets market based on material, application, and region:

Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Ferrite

Neodymium Iron Boron (NdFeB)

Aluminum Nickel Cobalt (Alnico)

Samarium Cobalt (SmCo)

Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Automotive

Consumer goods & electronics

Industrial

Aerospace & Defense

Energy

Medical

Others

Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Russia

UK

France

Italy

Asia Pacific

China

India

Japan

South Korea

Indonesia

Central & South America

Brazil

Argentina

Middle East & Africa

KSA

Key Companies profiled:

Adams Magnetic Products Co.

Earth-Panda Advance Magnetic Material Co., Ltd.

Arnold Magnetic Technologies

Daido Steel Co., Ltd.

Eclipse Magnetics Ltd.

Electron Energy Corp.

Goudsmit Magnetics Group

Hangzhou Permanent Magnet Group

Magnequench International, LLC

Ningbo Yunsheng Co., Ltd.

Ninggang Permanent Magnetic Materials Co., Ltd.

Key Permanent Magnets Companies Insights

Some of the key players operating in the market include Hitachi Metals Ltd., Shin-Etsu Chemical Co., Ltd. and Ningbo Yunsheng Co., Ltd.

Hitachi Metals Ltd. operates through three business segments, namely automotive related products, electronics-related products, and infrastructure related products. It offers a wide range of products including cutting tools, molding materials, chassis, exhaust components, magnets & motor related products, LCD displays & semiconductors, medical equipment, aircraft components, piping equipment, industrial equipment, and rubber.

Shin-Etsu Chemical Co., Ltd. operates through various business segments, namely PVC, silicones, specialty chemicals, semiconductor silicon, electronics & functional materials, and processing/trading businesses.

Ningbo Yunsheng Co., Ltd. develops and manufactures sintered and bonded NdFeB, AlNiCo, and SmCo magnets; magnetic assemblies; and electric motor products. The company is engaged in the research and management of servomotors, compact spinning devices, automobile motors, serinette, smart technology products & supplies, and neodymium magnets.

Earth-Panda Advance Magnetic Material Co., Ltd., and Ninggang Permanent Magnetic Materials Co., Ltd., are some of the emerging market participants.

Recent Developments

In October 2023, Ara Partners, a private equity firm acquired Vacuumschmelze (VAC), a German permanent magnets producer, from its equity investor Apollo. This will strengthen the duo’s rare earths value chain, and help the former to pursue its strategic growth opportunity of supplying permanent magnets to key industries such as electric vehicles (EV).

In January 2023, VAC signed an agreement with U.S. automaker General Motors to build a permanent magnets manufacturing plant in North America to manufacture, using locally sourced raw materials. The product would be used in the manufacture of electric motors supplied to GM automobiles.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[skrillnetworkblog]

🌟 Noosa Mining Conference: Showcasing Australia's Resource Future 🌟

🌿 Where Resources Meet Relaxation

The Noosa Mining Investor Conference has officially begun at Peppers Noosa Resort, offering a unique setting for investors and industry leaders to engage with Australia’s top resource companies.

Highlights from the Event So Far:

🔸 Day 1: Copper & Gold Take Center Stage

Micro-cap companies in copper and gold are sharing their ambitious exploration projects, bringing new investment opportunities to the forefront. Small but mighty, these companies are grabbing the spotlight!

🔸 Day 2: Critical Minerals for a Greener Future

The focus shifted to critical minerals essential to tech and renewable sectors. Rare earths, lithium, and silica are at the heart of the talks, with companies like Maronan Metals and Arafura Rare Earths leading discussions on how Australia’s resources are meeting global demand.

🔸 Energy Mix & Market Adaptability

Oil, gas, and emerging hydrogen projects were showcased, underlining Australia’s role in energy transition and market adaptability. Exciting discussions highlighted the shift towards a diversified energy future.

Final Day Lookahead: Clean Energy Focus 🚀

The conference will conclude with presentations on hydrogen and uranium, a step towards cleaner energy solutions. The relaxed ambiance of Peppers Noosa has provided the perfect environment for forming partnerships and sparking new ideas.

🌏 “Noosa in November” - More Than Just an Event!

This gathering isn’t just another conference. It’s a firsthand look at the strategies and innovations shaping Australia’s resource sector, promising a future that’s sustainable, ambitious, and ever-adaptive.

Follow us for live updates and insights from Noosa!

Visit - https://www.skrillnetwork.com/noosa-mining-conference-kicks-off-at-peppers-resort-australias-resource-sector-on-show