Rare-earth magnets are essential for electric motors in vehicles, drones, and trains, forming the backbone of modern, environmentally friendly mobility. These are not simple blocks of metal, but ...

A magnet is an important part of devices like smartphones, automobiles, and many more. Most of these magnets are made using rare-earth materials, which are expensive and scarce on the market. Also, ...

SUMTER COUNTY, S.C. — Less than two years after breaking ground, eVAC Magnetics turned a soybean field into a manufacturing facility and has shipped its first rare-earth permanent magnets for ...

Vulcan Elements, a Durham-based startup manufacturing rare-earth magnets, says it plans to hire around 1,000 workers at a new $1 billion factory in the town of Benson in Johnston County. Why it ...