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Niron Magnetics advances 2027 rare-earth-free magnet plant with Honda investment

Verifying
  • Niron Magnetics held a steel-raising ceremony at its Sartell manufacturing facility.
  • The plant will produce up to 1,500 tons annually and employ 175 full-time workers.
  • Honda invested through Honda Xcelerator Ventures, with the amount undisclosed.
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Niron Magnetics advances 2027 rare-earth-free magnet plant with Honda investment - CoinPost Terminal