Niron Magnetics
Coverage of Niron Magnetics in the Nexus archive.
- Trump announces $180M for mining education as administration recommits to coal
President Donald Trump announced that the federal government will fund $180 million in grants for mining schools to help rebuild the U.S. coal industry. The funding includes allocations from the Department of Energy and the Department of Defense, while he also committed over $2 billion in new contracts for companies like Niron Magnetics and Sila Nanotechnologies.
- Could lesser-known Niron Magnetics boost manufacturing on Minnesota’s Iron Range?
Niron Magnetics, a Minneapolis-based company, is considering building its largest facility on Minnesota’s Iron Range to replace jobs lost from declining iron-ore mining. The project aims to reduce U.S. reliance on Chinese-imported rare-earth minerals by producing magnets using Minnesota iron and nitrogen, with plans for a $1.8 billion plant by 2029. Minnesota officials and economic development agencies view the project as a transformative opportunity aligning with infrastructure, energy, and workforce goals.