ROMEO: Replacement and Original Magnet Engineering Oprions
Permanent magnets are vital components in an enormous number of domestic and industrial devices. Currently, these magnets are based on the rare earth elements neodymium and dysprosium, which are predominantly mined in China (>95%). Exports are being restricting as a result of an expanding domestic market and a policy of relocating magnet manufacturing to China, thereby multiplying the costs of raw materials for magnet manufacturers in Europe.
In accordance with EU objectives to remove, or greatly reduce, the need for heavy rare earths in permanent magnets, ROMEO will first research and develop several novel microstructural-engineering strategies that will dramatically improve the properties of magnets based purely on light rare earths elements, especially the coercivity, which will enable them to be used for applications above 100 deg.
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