The agreement comes after Congress introduced a bill that would create tax credits to support domestic magnet production and supply chain reshoring.
An article from
The agreement comes after Congress introduced a bill that would create tax credits to support domestic magnet production and supply chain reshoring.
Published July 13, 2026
A disassembled Aspina brushless direct current motor built with Niron Magnetics' coated iron nitride magnets. The two companies have formed a partnership that involve rare-earth-free magnets.
Courtesy of Niron Magnetics
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