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Niron Magnetics Clean Earth Magnets: Stronger, Safer, Domestic

The article from MSN discusses Niron Magnetics, a company that has developed a new type of magnet called "Clean Earth Magnet" which does not rely on rare earth elements like neodymium or dysprosium, commonly used in high-performance magnets. These magnets are made from iron nitride, offering a sustainable alternative that reduces dependency on foreign supply chains, particularly from China, where most rare earth elements are processed. Niron's magnets are not only environmentally friendly but also claim to be stronger and safer than traditional magnets. The technology promises to lower costs, enhance supply chain security, and reduce environmental impact by avoiding the toxic mining and processing associated with rare earths. The company has received significant backing, including a $10 million grant from the U.S. Department of Energy, highlighting the strategic importance of this innovation in fields like electric vehicles, wind turbines, and consumer electronics.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/renewable-energy/niron-magnetics-clean-earth-magnets-stronger-safer-domestic/ar-AA1x2TWm ]