ULVAC to make rare earth melting furnaces in Japan
ULVAC is establishing a new production site for rare-earth magnet vacuum melting furnaces in Japan. This move is in response to increasing demand from customers in Europe and North America, with expectations that orders will triple year on year. The company aims to diversify its supply options while maintaining its existing operations in China.
- ▪ULVAC will move production of rare-earth magnet equipment back to Japan from China.
- ▪The company anticipates that orders for its vacuum melting furnaces will triple year on year.
- ▪ULVAC currently holds about 70% of the global market for vacuum melting furnaces used in rare earth magnet production.
Opening excerpt (first ~120 words) tap to expand
If you’ve been following the slow-motion strategic panic over critical minerals, you know that Japan, Australia, the US, Canada, Europe and others are busy talking about China’s dominance both of rare earth mining and refining and of the production of rare earth magnets. Those countries are even starting to do something about it. What has been left out of reports on the subject, until recently, is how and with whose equipment rare earth magnets are made. Then, on May 1, Nikkei Asia reported that “Ulvac will soon move production of equipment that makes rare-earth magnets back to Japan from China.” But that was misleading.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Asia Times.
Discussion
0 commentsMore from Asia Times
