US: Molycorp, Daido, Mitsubishi announce magnet JV

Molycorp, Inc, Daido Steel and Mitsubishi Corporation have announced the formation of a joint venture to manufacture and sell neodymium-iron-boron (NdFeB) permanent rare earth magnets. The joint venture will manufacture sintered NdFeB permanent rare earth magnets with technology licensed from Intermetallics, a partnership between Mitsubishi, Daido, and Dr Masato Sagawa, co-inventor Subscribe to Automotive World … Continued

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• December 6, 2011