Niron Magnetics Revolutionizes Magnet Technology with Rare-Earth-Free Breakthrough

Minneapolis, July 23, 2025 – Minneapolis-based Niron Magnetics has unveiled a groundbreaking rare-earth-free permanent magnet technology, poised to reshape the global materials landscape. The innovation, utilizing iron-nitrogen composites, matches the performance of conventional neodymium-iron-boron (NdFeB) magnets while eliminating supply chain risks associated with rare earths and reducing production costs.