Noveon Magnetics
Noveon Magnetics is a Texas-based manufacturer of its proprietary EcoFlux permanent magnets, engineered to deliver high performance using the minimum rare earth content of any commercially available magnet while consuming less than 10% of the energy required by conventional rare earth magnet mining and manufacturing processes. Noveon’s patented technology is built around urban mining — sourcing magnetic material from end-of-life magnets rather than virgin rare earth ore — creating a closed-loop, decentralized supply chain model designed to mitigate the price and supply volatility inherent in traditional Chinese-dominated rare earth production. The company is DFARS compliant and ISO certified, targets e-mobility, renewable energy, and industrial electrification markets, and positions EcoFlux as both a performance-competitive and environmentally superior alternative to conventionally produced NdFeB magnets.