CMI Project 2.1.2 Accelerated discovery and development of low-cost, low-criticality competitor to the Nd2Fe14B-based magnets

The project aims for discovery and further development of a new permanent magnet materials that will compete with the current technologies, i.e., neodymium iron boron (NdFeB) magnets and/or samarium-cobalt (SmCo) magnets, whereas being significantly less expensive and utilizing only minimal amounts (10 - 15 wt.%) of critical metals like neodymium (Nd), dysprosium (Dy), Sm and Co. This is a science-based approach of looking for new, undiscovered, critical rare-earth poor, iron-rich binary, ternary and higher compounds and/or new or unappreciated ferromagnets containing abundant and non-critical elements. The benefit of such a discovery is deployment of magnets that can substitute for today’s supply-chain dependent, critical rare-earth based magnets.