Niron Magnetics Celebrates New Legislation Supporting Domestic Production of Permanent Magnets
On June 10, 2026, Niron Magnetics, a front-runner in the field of rare-earth-free permanent magnets, expressed its enthusiasm over a groundbreaking piece of legislation introduced by the U.S. Congress. This landmark legislation aims to establish a comprehensive federal framework designed to encourage and facilitate the domestic production and utilization of permanent magnets across key sectors in the U.S., including defense, energy, and manufacturing.
The legislation, known as the Magnets Value Chain Support Act of 2026, instigates a crucial shift by incentivizing both the domestic producers of permanent magnets and the original equipment manufacturers (OEMs) who utilize these components in their products. By ensuring the security of demand throughout the supply chain and adopting a technology-neutral stance, this legislation is projected to bolster the production of magnets made domestically, a significant move towards reducing dependence on foreign supply chains.
Having testified before the U.S. House Select Committee on the Chinese Communist Party on November 19, 2025, Jonathan Rowntree, CEO of Niron Magnetics, highlighted the urgent need for the United States to enhance its domestic production capabilities for permanent magnets. He underscored the vulnerabilities associated with relying on foreign sources, advocating for a robust U.S.-based manufacturing ecosystem.
The bipartisan effort led by Representatives John Moolenaar (R-MI) and Ro Khanna (D-CA) introduces tax credits for rare-earth-free permanent magnets that meet specified performance criteria. By guaranteeing demand at every stage, this initiative represents a substantial change in federal policy, recognizing Iron Nitride on equal terms with traditional rare earth magnets within U.S. industrial policy.
Furthermore, OEMs producing relevant products domestically, including motors, generators, robotics, defense systems, and drones, will benefit from tax credits of up to 15% based on their qualified spending on domestic magnet procurement. The potential applications of these incentives align closely with Niron Magnetics’ market focus and ambitions.
"This legislation marks a pivotal moment for both Niron and the overall supply chain for permanent magnets in the U.S.," stated Rowntree. "It sends a decisive message to innovators, manufacturers, and investors that America is committed to developing resilient supply chains while fostering groundbreaking technologies that reduce dependencies on foreign resources. We are privileged that Iron Nitride magnets have been recognized in this initiative, and we believe it will fast-track investment, job creation, and competitiveness within the industrial landscape."
The introduction of this act arises amid growing concerns regarding supply chain vulnerabilities related to permanent magnets and a noticeable concentration of global production outside the United States. Niron Magnetics employs proprietary methods centered on Iron Nitride, a material poised to substitute rare earth magnets in numerous applications. This positions the company strategically to support a thriving domestic manufacturing environment by utilizing resources that are abundantly available in the U.S.
Niron is currently expanding its production capabilities with plans for a permanent magnet plant in Sartell, Minnesota, boasting 1,500 tons of annual capacity. Additionally, the company is exploring locations for a new facility capable of producing 10,000 tons per year to meet an escalating demand in various commercial and defense-based sectors.
Rowntree emphasized, "What’s at stake extends beyond any single organization. This legislation exposes the necessity for a diversified approach to secure the future manufacturing landscape of permanent magnets in America. It distinguishes a modern industrial policy that accommodates both rare earth and rare-earth-free technologies, thereby equipping American manufacturers with the tools they need to compete globally and thrive."
Niron Magnetics stands as the sole producer of high-performance, rare-earth-free permanent magnets globally. Their Iron Nitride magnet technology features advanced magnets essential for various industrial, automotive, consumer electronics, and defense applications. With an innovative manufacturing plant based in Minnesota, Niron services prominent manufacturers in need of dependable, domestically sourced permanent magnets. To learn more about Niron Magnetics and its technology, please visit Niron Magnetics.
For media inquiries, please contact:
Colleen Robar
Phone: 313-207-5960
Email: [email protected]
Legislative Overview
The legislation, known as the Magnets Value Chain Support Act of 2026, instigates a crucial shift by incentivizing both the domestic producers of permanent magnets and the original equipment manufacturers (OEMs) who utilize these components in their products. By ensuring the security of demand throughout the supply chain and adopting a technology-neutral stance, this legislation is projected to bolster the production of magnets made domestically, a significant move towards reducing dependence on foreign supply chains.
Having testified before the U.S. House Select Committee on the Chinese Communist Party on November 19, 2025, Jonathan Rowntree, CEO of Niron Magnetics, highlighted the urgent need for the United States to enhance its domestic production capabilities for permanent magnets. He underscored the vulnerabilities associated with relying on foreign sources, advocating for a robust U.S.-based manufacturing ecosystem.
Details of the Act
The bipartisan effort led by Representatives John Moolenaar (R-MI) and Ro Khanna (D-CA) introduces tax credits for rare-earth-free permanent magnets that meet specified performance criteria. By guaranteeing demand at every stage, this initiative represents a substantial change in federal policy, recognizing Iron Nitride on equal terms with traditional rare earth magnets within U.S. industrial policy.
Furthermore, OEMs producing relevant products domestically, including motors, generators, robotics, defense systems, and drones, will benefit from tax credits of up to 15% based on their qualified spending on domestic magnet procurement. The potential applications of these incentives align closely with Niron Magnetics’ market focus and ambitions.
Strategic Implications
"This legislation marks a pivotal moment for both Niron and the overall supply chain for permanent magnets in the U.S.," stated Rowntree. "It sends a decisive message to innovators, manufacturers, and investors that America is committed to developing resilient supply chains while fostering groundbreaking technologies that reduce dependencies on foreign resources. We are privileged that Iron Nitride magnets have been recognized in this initiative, and we believe it will fast-track investment, job creation, and competitiveness within the industrial landscape."
The introduction of this act arises amid growing concerns regarding supply chain vulnerabilities related to permanent magnets and a noticeable concentration of global production outside the United States. Niron Magnetics employs proprietary methods centered on Iron Nitride, a material poised to substitute rare earth magnets in numerous applications. This positions the company strategically to support a thriving domestic manufacturing environment by utilizing resources that are abundantly available in the U.S.
Niron is currently expanding its production capabilities with plans for a permanent magnet plant in Sartell, Minnesota, boasting 1,500 tons of annual capacity. Additionally, the company is exploring locations for a new facility capable of producing 10,000 tons per year to meet an escalating demand in various commercial and defense-based sectors.
Looking Forward
Rowntree emphasized, "What’s at stake extends beyond any single organization. This legislation exposes the necessity for a diversified approach to secure the future manufacturing landscape of permanent magnets in America. It distinguishes a modern industrial policy that accommodates both rare earth and rare-earth-free technologies, thereby equipping American manufacturers with the tools they need to compete globally and thrive."
About Niron Magnetics
Niron Magnetics stands as the sole producer of high-performance, rare-earth-free permanent magnets globally. Their Iron Nitride magnet technology features advanced magnets essential for various industrial, automotive, consumer electronics, and defense applications. With an innovative manufacturing plant based in Minnesota, Niron services prominent manufacturers in need of dependable, domestically sourced permanent magnets. To learn more about Niron Magnetics and its technology, please visit Niron Magnetics.
For media inquiries, please contact:
Colleen Robar
Phone: 313-207-5960
Email: [email protected]
Topics Business Technology）
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