World's first powerful permanent magnets free of neodymium and other rare earth elements

https://www.businesswire.com/news/home/20241010091386/en/Niron-Magnetics-Opens-the-World%E2%80%99s-First-Manufacturing-Facility-for-Powerful-Rare-Earth-Free-Permanent-Magnets

"Niron Magnetics opens 70,000 square-foot Minneapolis commercial pilot plant... production capacity >5 tons  per year of its proprietary Clean Earth Magnets based on Iron Nitride®.. full-scale manufacturing facility will produce 1,500 tons per year and is expected online in 2026... EVs, wind energy, consumer electronics"

Related: KIMS successfully developed a high-performance permanent magnet without expensive heavy rare earth elements
https://www.eurekalert.org/news-releases/1076664