New UK Magnet plant

Lead Participant: LESS COMMON METALS LIMITED

Abstract

This project will investigate the feasibility of building a Neodymium Boron Iron (NdFeB) magnet plant in the UK. Initially a market study will be carried out to identify the likely future requirements for such magnets, both in terms of volumes and specifications, with focus on the growing EV industry. A suitable plant to meet these requirements will then be scoped, and the opportunities for using innovative technologies to improve competitiveness will be assessed.

Lead Participant

Project Cost

Grant Offer

LESS COMMON METALS LIMITED £814,004 £ 569,803

Publications

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