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NIDEC & NOVEON MAGNETICS ENTER OFF-TAKE AGREEMENT FOR RARE EARTH MAGNETS, STRENGTHENING U.S. SUPPLY CHAIN RESILIENCE

Summary by Benzinga
Agreement Marks Major Step Toward Building a Reliable, U.S. Supply Chain for Sintered NdFeB Rare Earth Magnets, Critical Components of Advanced Electric Technologies ST. LOUIS and SAN MARCOS, Texas, Feb. 3, 2025 /PRNewswire/ -- Nidec Motor Corporation ("Nidec") and Noveon Magnetics today announced a 5-year, binding off-take agreement with the potential to supply more than 1,000 tons of total off-take of finished sintered NdFeB rare earth magnets…
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