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Niron Magnetics gets federal grant to build U.S. rare-earth magnet plant, cutting reliance on China and boosting clean energy and defense supply chains.
Niron Magnetics has received a significant federal grant to construct a new manufacturing facility aimed at advancing rare-earth magnet production in the U.S.
The funding supports efforts to reduce reliance on foreign sources, particularly from China, and bolster domestic supply chains for clean energy and defense technologies.
The project is expected to create hundreds of jobs and accelerate innovation in sustainable magnet materials.
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Niron Magnetics obtiene una subvención federal para construir una planta de imanes de tierras raras en Estados Unidos, reduciendo la dependencia de China e impulsando la energía limpia y las cadenas de suministro de defensa.