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Noveon Magnetics to supply rare earth magnets to Nidec Motor


Nidec Motor, a US-based manufacturer of commercial, industrial and appliance motors and controls, and Noveon Magnetics have signed a five-year, binding offtake agreement to potentially supply more than 1,000 tons of finished sintered neodymium iron boron (NdFeB) rare earth magnets. Deliveries are set to begin in 2025, supporting Nidec’s operations across industries including automation, industrial,… Read more…

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