Critical Materials Institute announces domestic rare-earth magnet partnership with INFINIUM
The U.S. Department of Energy’s Critical Materials Institute announced today a new partnership with INFINIUM, a metals production technology company, to demonstrate the production of rare-earth magnets sourced and manufactured entirely in the U.S.
Currently, the majority of rare-earth metals and magnets, such as those used in the production of clean-energy technologies, consumer electronics and a host of other applications, are sourced and produced outside the U.S., posing manufacturing supply chain and security risks.
Discovering cost-efficient and environmentally friendly supplies of and alternatives to rare-earth metals and products has been a goal of CMI since its inception in 2013. INFINIUM, currently the only domestic producer of rare earth metals, will supply CMI with praseodymium-neodymium master alloys for the production of rare-earth magnets. The partnership intends to prove that entirely domestic “ores-to-magnets” production is feasible...
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