The magnet minimizes the risk of vehicle production interruption by a shortage of heavy ra re-earth metals. It also lightens a vehicle's weight by reducing the size and increasing the output of motors ...

SEOUL, South Korea, Nov. 5, 2024 /PRNewswire/ -- LG Innotek (CEO, Moon Hyuksoo) announced on November 5, 2024, that it has developed a 'high-performance eco-friendly magnet' with the world's strongest ...

Noveon will collaborate with Kangwon Energy and LG Electronics to advance closed-loop recycling of rare earth permanent ...

Noveon Magnetics, Kangwon Energy Co., Ltd., and LG Electronics Co., Ltd. today announced a strategic agreement to advance ...

LG Innotek, said, Wednesday, it has successfully developed a high-performance, eco-friendly magnet that does not use heavy rare earth elements, making it the first company in the industry to achieve ...

Reduced dependence on certain countries for key raw materials, contributing to stabilizing the magnet supply chain Significant reduction in environmental pollutants, marking a win for ESG-focused ...