Niron discusses scaling rare-earth-free magnet manufacturing
Iron Nitride magnets move from pilot to commercial scale, offering manufacturers a more reliable supply chain.
Latest Niron Magnetics News & Updates
See the latest news and media coverage for Niron. We track all announcements, press releases, and industry mentions in real time, all in one place.
Rare-earth-free permanent magnet manufacturer
nironmagnetics.com- Headquarters
- Minneapolis, United States
- Founded year
- 2015
- Company type
- Private company
- Number of employees
- 150–200
- Industry
- Electrical Components & Equipment
Last updated
Latest news about Niron Magnetics (Niron)
In short: Niron advanced rare-earth-free magnet production, broke ground on its Sartell plant, and secured Honda, Pentagon, and tribal investments.
Company announcements
Niron and Moog showcase rare-earth-free motor technology at AUSA 2026
The companies exhibit joint Iron Nitride magnet-based actuator solutions for land vehicles and missiles to strengthen the domestic defense supply chain.
Niron Magnetics marks steel raising at Sartell site with Honda investment
The milestone construction event highlights the first commercial-scale facility for rare-earth-free magnets and a strategic Honda Xcelerator investment to scale manufacturing operations.
Niron Magnetics initiates US plant site selection
The company plans a $1.8 billion facility to produce 10,000 tons annually of rare-earth-free magnets, aiming for construction start in early 2028.
Media coverage
Honda invests in US maker of rare-earth-free magnets
Minnesota-based Niron Magnetics, which celebrated the start of construction of a manufacturing plant Wednesday, confirmed the investment from the...
$150 million tribal loan advances Niron Magnetics' plan to build magnets without rare earth metals | MPR News
Cole Miller, chair of the Shakopee Mdewakanton Sioux Community, spoke at a groundbreaking ceremony for Niron Magnetics in Sartell, Minn., in September 2025. ... Create...
Fact Sheet: President Donald J. Trump Announces Billions in New Deals and Investments to Power American Mining – The White House
The Department of War is investing $150 million into Niron Magnetics, a Minnesota company developing and producing 100% domestic, rare earth-free permanent magnets to support...
Niron Magnetics, Aspina enter rare-earth-free magnet supply agreement
Niron Magnetics has entered a supply agreement with Japan-based Aspina to develop and manufacture...
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