| Company/Division name | Niron Magnetics |
| Type of work | Manufacturing |
| Reshoring category: | Reshoring |
| Total number of jobs (added or to be added): | 60 |
| Year reshoring announced: | 2024 |
| Domestically, the work will be done: | In-house |
| Capital investment ($): | 33 |
| City reshored to: | Minneapolis |
| State(s) reshored to: | MN |
| If relevant, work nearshored to: | - |
| Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings) |
| Product(s) reshored | rare-earth-free permanent magnets |
| What non-domestic negative factors made offshoring less attractive? | Green considerations, Strained offshore relationships, Supply chain interruption |
| What domestic positive factors made reshoring more attractive? | Intellectual property risk |
