Noveon Magnetics signs multi-year supply agreement with General Motors for rare earth magnets

Noveon Magnetics announced a multi-year supply agreement with General Motors to deliver rare earth magnets for GM's full-size SUVs and trucks. Production started immediately with deliveries beginning in July 2025.

“We're proud to be delivering critical rare earth magnets in support of some of America's most iconic vehicles.”prnewswire.com

• 1 source
• prnewswire.comDRIVING AMERICAN INDUSTRY: GENERAL MOTORS & NOVEON MAGNETICS SIGN MULTI-YEAR AGREEMENT TO DELIVER AMERICAN-MADE RARE EARTH MAGNETSNoveon MagneticsAug 6, 2025

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