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Nidec and Noveon Magnetics partner to supply rare earth magnets · Endata

◂ Announcements

Feb 4, 2025PARTNERSHIPUnited States

Nidec and Noveon Magnetics partner to supply rare earth magnets

Nidec Motor Corp. and Noveon Magnetics have entered into a five-year partnership to supply over 1,000 metric tons of NdFeB magnets, enhancing US supply chain resilience.

Status

Announced

Capacity

over 1,000 metric tons of NdFeB magnets

ProductsNdFeB rare earth magnets

CompaniesNidec Motor Corporation partner Noveon Magnetics partner

Sectors#Automotive Components #Electrical Equipment

“The five-year agreement between Nidec and Noveon Magnetics aims to supply over 1,000 metric tons of NdFeB magnets, enhancing US supply chain resilience.”autotechinsight.spglobal.com

1 source
autotechinsight.spglobal.comNidec and Noveon ink deal to boost US rare earth magnet supply - Automotive Technology Insight | Forecasts | Industry News | Supply ChainFeb 4, 2025

Summarized from public sources; check the original articles before acting on it.

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