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Rare-earth magnets are made from these compounds. The greater strength of rare-earth magnets is mostly due to two factors: Firstly, their crystalline structures have very high magnetic anisotropy. This means that a crystal of the material preferentially magnetizes along a specific crystal axis but is very difficult to magnetize in other directions.
A samarium–cobalt (SmCo) magnet, a type of rare-earth magnet, is a strong permanent magnet made of two basic elements: samarium and cobalt.. They were developed in the early 1960s based on work done by Karl Strnat at Wright-Patterson Air Force Base and Alden Ray at the University of Dayton.
The relatively low rare earth content (12% by volume, 26.7% by mass) and the relative abundance of neodymium and iron compared with samarium and cobalt makes neodymium magnets lower in price than the other major rare-earth magnet family, samarium–cobalt magnets. [3]
Analysts expect worldwide demand for rare earth permanent magnets to double within a decade.
MP Materials focuses its production on Neodymium-Praseodymium (NdPr), a rare earth material used in high-strength permanent magnets that power the traction motors found in electric vehicles, robotics, wind turbines, drones and other advanced motion technologies. [11] MP Materials is listed on the New York Stock Exchange under the ticker symbol ...
A government-funded feasibility study is due to be published on Friday, laying out the steps Britain must take to restart output of rare earth permanent magnets, the sources said.
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