An innovation that came into existence years ago could now help the United States tackle China’s dominance in a key sector.
A scientist working at the University of Minnesota lab years ago developed the world’s first iron nitride magnet, a revolutionary technology forged from iron and nitrogen without using rare earth elements.
As of now, China dominates rare earth exports with 92% of global refining.
The world’s largest exporter of rare earth minerals is currently restricting exports to the United States.
Playing a key role in almost everything from EV motors to wind turbines and MRI machines, rare earth magnets now have an alternative.
Niron Magnetics, the spin-off created by University of Minnesota materials scientist Jian-Ping Wang, is offering rare earth-free permanent magnets.
The company claims these are useful for consumer electronics and the motor powering industry. Permanent magnets are the invisible force that converts electricity to motion in your daily devices.
“We produce the world’s only high performance, rare-earth-free permanent magnets. Our Iron Nitride magnet technology and world-leading magnetics expertise enhance the applications that use magnets to help revolutionize your industry,” said the company in a statement.
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