Hitachi Metals plans to build new plant in the US to produce neodymium magnets for electric vehicles

Hitachi Metals, Ltd. (Hitachi Metals, Ltd.) announced that it will build a new plant in the United States to produce neodymium magnets, which are mainly used in electric vehicles and hybrid vehicles.

Hitachi Metals will invest 2 billion yen (about 25.71 million US dollars) to build the new plant. The construction of the plant is expected to start in January 2012 and put into production in April 2013. The main production is neodymium magnets. After the factory enters mass production, The production capacity will reach 40 tons.

Strict environmental regulations, rising crude oil prices and many other factors have contributed to the growth of demand for neodymium magnets for electric vehicles in the United States and Europe. With the new plant in the United States, Hitachi Metals will be able to meet the US and even the entire North American and European markets. The growing demand for neodymium magnets.

Nd-Fe-B (strontium-iron-boron) sintered magnets are indispensable for the drive motors of hybrid and electric vehicles. Compared to other magnets, neodymium magnets not only have strong magnetic forces, they can achieve high power enough to drive the vehicle, and they can also reduce the size of the motor.