3 ms·
I'm guessing that they've spent the last 13 years figuring out a production process, then raising money to make them rather than selling out to another company.
by dsr_ 4y ago
I'm guessing that they've spent the last 13 years figuring out a production process, then raising money to make them rather than selling out to another company.
- jacquesm 4y agoWith 39 million raised to date that's a lot of figuring. https://www.google.com/search?q=niron+magnetics+funding https://www.google.com/search?q=niron+magnetics+funding
- dsr_ 4y agoHow much does a magnet factory cost? How big is the market? Does the market expand if the cost drops by a factor of 2? Of an order of magnitude? I have no idea of the scale, except that rare earth element production appears to be about 250000 tonnes per year.
- jacquesm 4y agoA typical magnet manufacturing installation is a few hundred K of Capital expense. You need to have a way to create blanks and then you need a way to magnetize the blanks. The usual method in a nutshell: - combine the powdered raw materials in a die - compress the powder to create a blank - coat the blank to prevent oxidization - magnetize the blank using a powerful electromagnetic field - QA to ensure proper field strength and inspect for damage I wonder what the hang-up here is.