2 stories tagged rare-earth-magnets on EV Digest.
Automotive supplier Schaeffler has developed an innovative recycling process that extracts rare earth magnets from defective electric vehicle motor rotors, enabling their reuse in new motors. This initiative, developed by teams in Hungary and Germany, aims to boost sustainability and reduce reliance on new raw materials in EV production.
Critical materials producer Energy Fuels is set to acquire Vacuumschmelze (VAC), a leading rare earth magnet maker, in a $1.9 billion deal. This strategic acquisition aims to establish a fully integrated "mine-to-magnet" supply chain across North America, from raw material extraction to finished product. The move is poised to bolster domestic production of essential components for electric vehicle motors and other advanced technologies.
