US Rare Earth Magnet Factory Supplies Cooling Pumps for Data Centers

Published: Jun 19, 2025 13:11

Save

US rare earth magnet producer USA Rare Earth (USAR) and Moog Electric Motion Solutions have signed an agreement to supply magnets for cooling pumps in data centers. According to USAR on Monday, Moog will provide USAR's new-type magnets for precision cooling pumps used in its data centers. The company did not disclose specific quantities, prices, or the binding nature of the memorandum of understanding. According to Moog, rare earth magnets are crucial for meeting the growing cooling demands of data centers. USAR aims to commence production of neodymium magnets by 2026 and achieve a full-load capacity of 5,000 mt per year. Additionally, USAR has signed rare earth off-take agreements with companies in the US and South Korea and is constructing a new magnet factory in Stillwater, Oklahoma.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

JL MAG Rare-Earth Q1 2026 Revenue Up 16.1% YoY, Net Profit Surges 20.1%, Cash Flow Doubles

[SMM Rare Earth News Flash] JL MAG Rare-Earth (300748.SZ) announced on April 28 that in Q1 2026, the company achieved revenue of 2.04 billion yuan, up 16.1% YoY; net profit attributable to the parent company was 193 million yuan, up 20.1% YoY; non-recurring items excluded net profit attributable to the parent company was 176 million yuan, up 65.9% YoY significantly; net operating cash flow was 358 million yuan, up 202.1% YoY. The comprehensive gross margin was 21.83%, up 6.13 percentage points YoY, with profitability quality continuing to improve.

28 mins ago

31 mins ago

EMR Invests £730,000 in UK's DRIVE35 Initiative for Sustainable Rare Earth Magnet Recycling

[SMM Rare Earth News] EMR committed £730,000 to support the CirculaREEconomy (CREEM) project led by Ionic Technologies. The project is part of the UK's DRIVE35 initiative, aiming to build a sustainable circular supply chain for EV rare earth magnets. The new pilot production line will explore efficient extraction of NdFeB magnets from retired motors, with Ionic Technologies refining them into rare earth oxides through sustainable chemical processes to meet next-generation EV specifications. Partners include Ford, Bentley, and Wrightbus.

31 mins ago

34 mins ago

European Resources Expands Rare Earth Project in Finland, Inferred Resources Now 15.4M MT at 1% TREO

European Resources, listed on the Australian Securities Exchange, recently achieved a significant expansion of the Mineral Resource Estimate (MRE) for its Korsnäs rare earth project in Finland. Currently, the project's inferred resources stand at 15.4 million mt at a grade of 1% total rare earth oxides (TREO), with a cut-off grade set at 0.5% TREO.

34 mins ago