HyProMag USA aims to develop rare earth magnet facility in US

URLhttps://www.recyclingtoday.com/news/hypromag-usa-a
Sourcerecycling today
Date Published12/13/2024

Additional Reshoring Information:

Company/Division name HyProMag USA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Country(ies) from which reshored:United Kingdom
City reshored to:Dallas
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrare earth magnets
What domestic positive factors made reshoring more attractive?Infrastructure, Proximity to customers/market, Raw Materials Cost
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