Niron Magnetics Secures $150M Loan for Rare-Earth-Free Magnet Factory Expansion

Published: Aug 25, 2026 14:56 (GMT+8)

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US rare-earth-free magnet producer Niron Magnetics received a $150 million loan from the Shakopee Mdewakanton Sioux Community (SMSC) to advance its magnet factory in Sartell, Minnesota.

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