Niron Magnetics Advances U.S. Permanent Magnet Manufacturing Plans

Niron Magnetics, the leading manufacturer of rare-earth-free Iron Nitride permanent magnets, today announced that it is initiating a formal site selection process for a new high-volume manufacturing (HVM) plant in the U.S. The new plant is intended to significantly expand national production capacity for the next-generation of permanent magnets that are critical across automotive, consumer electronics, industrial, and defense sectors.