In this episode of the Critical Minerals Corner with Jack Lifton, Jack interviews Ed Richardson, President of American’s oldest magnet maker, Thomas and Skinner Inc., and a longtime veteran himself of the permanent magnet manufacturing industry, about the possibility of the revival of an American rare earth permanent magnet industry capable of supplying the needs of the North American market.
In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Ed went on to explain how the Chinese companies are competitive in the rare earths space and how the Chinese dominance in the rare earths space creates a barrier for non-Chinese companies to enter the supply chain. Jack and Ed also discussed how China is using rare earths raw materials from other countries to expand its magnet-making capacity to satisfy its own local demand.
To watch the full video, click here
About Thomas and Skinner Inc.
Thomas & Skinner is the world’s leading manufacturer of cast and sintered alnico magnets, magnetic assemblies, and transformer laminations. Through its wholly owned subsidiary, Ceramic Magnetics, Inc., Thomas & Skinner is also a leading manufacturer of soft ferrite magnets. They are committed to providing our customers with the highest-quality, highest-performing magnetic materials available.
To learn more about Thomas and Skinner Inc., click here
Disclaimer: This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.
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