Threat or opportunity13 Jan 2026 15:51
Https://www.woodplc.com/news/niron-iron-nitride-permanent-magnet-plant?utm_source=linkedin&utm_medium=social&utm_campaign=epcm
Published: 13 January 2026
Wood has secured the engineering, procurement and construction management (EPCM) contract for Niron Magnetics’ Plant 1 in Sartell, Minnesota, the world's first full-scale Iron Nitride permanent magnet facility.
This groundbreaking plant will manufacture 1,500 tons of Iron Nitride permanent magnets annually once fully operational in 2027, creating a resilient US supply chain for the magnets used in critical industries including automotive, defense systems, industrial motors, and consumer electronics.
Unlike traditional magnets that rely on rare earth materials and intensive mining, Niron Magnetics’ technology starts with iron and nitrogen- two abundant, easily sourced materials - to deliver magnets made with a fully-domestic supply chain and sustainable manufacturing processes.