Niron Magnetics marks steel raising at Sartell manufacturing site with Honda investment

Niron Magnetics/Sartell Iron-Nitride Magnet Plant

Niron Magnetics celebrated steel raising at its Sartell facility and announced investment from Honda Motor Co. via Honda Xcelerator Ventures. The investment supports continued commercialization of rare-earth-free iron-nitride magnet technology and scaling manufacturing operations.

• Steel raising marks major construction milestone for end of 2027 operations
• Honda investment demonstrates automotive industry confidence in rare-earth-free magnets
• Technology enables resilient supply chains for electric motors, robotics, and AI infrastructure