Neo Performance Materials’ cover photo
Neo Performance Materials

Neo Performance Materials

Chemical Manufacturing

Toronto, Ontario 6,285 followers

Fast Forwarding the Clean Energy Transition

About us

Fast Forwarding the Clean Energy Transition. Neo Performance Materials (TSX: NEO) manufactures advanced industrial materials that serve as the building blocks of many modern technologies that deliver enhanced efficiency and sustainability. The Company’s products – magnetic powders and magnets, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products as well as emerging technologies. Neo’s products help to deliver the technologies of tomorrow to consumers today. Neo’s advanced industrial materials are also key to some of the world’s sought-after and environmentally friendly and sustainable technologies, such as hybrid and electric vehicles, pollution control systems, high-efficiency appliances and pumps, energy-efficient lighting, water purification, and many more. Sustainable technologies start with Neo.

Website
http://www.neomaterials.com
Industry
Chemical Manufacturing
Company size
1,001-5,000 employees
Headquarters
Toronto, Ontario
Type
Public Company
Founded
2018
Specialties
Rare Earths, Rare Metals, Environmental Catalysts, NdFeB Magnets, Rare Metals, Superalloys, Electronic Metals, Electric Vehicles, High Efficiency Appliances, Lightweighting, Advanced Materials, Engineered Materials, Specialty Chemicals, Neodymium, Praseodymium, Dysprosium, Cerium, Water Purification, and Lanthanum

Locations

Employees at Neo Performance Materials

Updates

  • Neo Performance Materials reposted this

    View profile for Bryan Bille

    Policy and Geopolitical Principal at Benchmark Mineral Intelligence

    As promised and following my previous post about Benchmark's attendance at the recent opening ceremony of Neo Performance Materials' rare-earth permanent #magnet (REPM) facility in #Estonia, the second operational REPM plant in Europe next to VACUUMSCHMELZE’s (VAC) plant in Germany, here are some takeaways from our interview with NEO CEO and President Rahim Suleman. ▶️ Despite the current tense geo-economic environment, characterised by China's REE and REPM export restrictions and REPMs being increasingly linked to #defence technologies, Rahim Suleman emphasised that NEO is not a geopolitical company. Therefore, NEO’s primary focus remains the #automotive industry rather than supplying defence industrial supply chains, contrary to other emerging REPM producers in the US.   ▶️ As for NEO's European supply localisation strategy, with two operational facilities in Estonia, Suleman underlines that it is primarily driven by the need to serve NEO’s local automotive customer base, while believing in the need for “parallel supply chains and balanced co-dependence”, but not in ‘China decoupling’. This is illustrated by NEO’s global corporate footprint, both within and outside China, which began 30 years ago with the establishment of NEO.   ▶️ NEO's automotive focus can be explained as e-mobility (EV motors) is the largest driver of REPM demand and will remain so in view of 2035 (see graph below), with Europe accounting for 19% of global REPM e-mobility demand after China this year. Although defence gets much traction lately, it is just a small demand driver. Interestingly, Rahim Suleman referred to other promising end-markets for REPMs in our conversation, such as data centres driven by the AI boom and robotics. In other words, the EV transition is not the sole determining factor for NEO’s business and future growth strategy. ▶️ While admitting China will likely remain the most cost-competitive global REPM producer, the cost premium of producing REPMs locally in Estonia vis-à-vis China is not overly punitive and does not meet the same level as seen with European battery supply chain localisation, according to Suleman.  All of this coincides with the recent launch of our Q3 rare earths forecast, which includes profiles of magnet producers for the first time.   👉 Reach out to my colleagues Neha Mukherjee Evelyn Mengwei Zhou James Brooks and George I., all REE and REPM experts, if you want to learn more. 🙏 Thanks again to Vasileios Tsianos and Rahim Suleman for taking the time!   Please find the link to the free-to-read and full interview in the comments. More conversations to come with industrial leaders. Michael J. Finch Amelia Hawney

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  • We’re proud to share one of our most heartfelt initiatives in Thailand — supporting the construction of a new school building for Bannongravieng School, a small rural school in Bannongravieng, Kora. Education is the cornerstone of sustainability, and children are the changemakers of tomorrow. With that belief, we donated funds to build a durable, eco-friendly, and inspiring learning space, along with a new playground and activity areawhere students can play, connect, and explore beyond the classroom. Our team also came together in a volunteer activity, painting the school and spending a joyful day with the children — sharing laughter, snacks, and ice cream. This project is more than just constructing a building — it’s about creating opportunity, hope, and a foundation for lasting impact. Because sustainable development starts with giving. #Sustainability #EducationForAll #CommunityImpact #CSR #GivingBack #Thailand #FutureChangeMakers #TogetherWeCan

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  • We're pleased to announce that Neo will release its Q3 2025 earnings results on November 14, 2025. 🗓️ Date: November 14, 2025 ⏰ Time: 10:00 AM ET / 7:00 AM PT 🔗 https://lnkd.in/gVJtnDUF Neo continues to deliver the building blocks for modern technologies—driving efficiency, sustainability, and innovation worldwide. #EarningsRelease #NeoPerformanceMaterials #Sustainability #Innovation

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  • The results are in! The Neo Performance Global Walk Challenge 2025 has officially come to an end, and what a journey it was. Together, our teams from around the world covered nearly 57,000 km on foot. That's a journey around the Earth, powered by teamwork and dedication! Let's hear it for our champions! 🏆 Sillamae Cerium 🥈 Sillamae Samarium 🥉 Zibo Ytterbium Congratulations to the winning teams and to every participant. Your energy made this a success. As one team member put it: “It gave us an achievable exercise goal, built cross-regional connections, and the most exciting part was that our steps turned into social value.” While the challenge is over, the healthy habits and connections we've built will continue. #NeoPerformance #TeamSpirit #EmployeeEngagement #GlobalChallenge #StepChallenge #WellnessAtWork #CorporateCulture

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  • In our efforts to enhance Europe's critical raw materials supply chains, Neo has built an initial, scalable capacity for heavy rare earth separation. Co-located with our industrial-scale and commercially-operating light rare earth separation plant in Sillamäe, Estonia, it offers complete midstream solution for our industry and our customers. To read more about Neo's midstream and magnet plants in Estonia: https://lnkd.in/gdWWprxb #RareEarths #Magnets

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  • Neo Performance Materials reposted this

    View profile for Kai Schmersahl

    Managing Director bei Magnequench GmbH

    Last week, I had the pleasure of speaking on a panel of Magnet Makers at Adamas Intelligence’s Rare Earth Mines, Magnets & Motors. The exchange of perspectives was not only thought-provoking but also a reminder of how collaboration across industries and expertise is essential for progress. A big thank you to Adamas / Ryan Castilloux for bringing us together and for hosting and curating such a great event for the second time. Exciting times ahead — especially with the grand opening of our sintered permanent magnet facility in Estonia a week earlier. Looking forward to what’s next!

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  • Neo Performance Materials reposted this

    𝐖𝐞. 𝐁𝐮𝐢𝐥𝐭. 𝐓𝐡𝐢𝐬. ✨ The Neo Performance Materials magnet factory took 𝐣𝐮𝐬𝐭 𝟓𝟎𝟎 𝐝𝐚𝐲𝐬 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝, a feat that – according to NPM executives – takes four to five times as long in the USA. The All-Stars lineup: Design by Norte, general contracting by Maru Ehitus, steel structures by 𝐌𝐚𝐫𝐮 𝐌𝐞𝐭𝐚𝐥𝐥, assembly by Maru THM, concrete works by Maru Betoonitööd OÜ. It’s such a huge project, because: 𝟏. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐄𝐮𝐫𝐨𝐩𝐞, 𝐩𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭𝐬. We are talking about Europe’s first production plant for rare-earth magnets. As NPM puts it it, these are the „first Made-in-Europe magnets to meet the specifications of Tier 1 traction motor manufacturers and major automotive original equipment manufacturers.“ Indeed, initial contracts with German auto suppliers Schaeffler and Bosch have been signed. 𝟐. 𝐘𝐨𝐮 𝐤𝐧𝐨𝐰 𝐢𝐭’𝐬 𝐚 𝐛𝐢𝐠 𝐝𝐞𝐚𝐥 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐭𝐡𝐢𝐬 𝐤𝐢𝐧𝐝 𝐨𝐟 𝐪𝐮𝐨𝐭𝐞! For the fun of it, let’s recount EU Commission President Ursula von der Leyen’s memorable words at the G7 Summit in Canada, back in June. “I brought with me a permanent magnet. Not just any magnet—this is a rare earth permanent magnet. It was manufactured in Estonia, by a Canadian company using raw materials sourced from Australia, and supported by the EU’s Just Transition Fund… And where does it end up? In German and French electric vehicles and wind turbines. This small object tells a much bigger story—a story we are writing together.” 𝟑. 𝐖𝐞 𝐦𝐚𝐤𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐥𝐚𝐧𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐜𝐨𝐮𝐧𝐭𝐫𝐲. According to NPM’s President & CEO, Rahim Suleman, this is just the beginning. „Customers are chasing us,” Suleman told FT, predicting a three-fold increase in demand over the next decade. Already, an output increase from 2000t to 5000t of the facility is anticipated, with another 300–400 new employees getting hired over the next 18 months. 𝟒. 𝐆𝐫𝐞𝐚𝐭 𝐣𝐨𝐛 𝐨𝐟𝐟𝐞𝐫 𝐟𝐨𝐫 𝐰𝐨𝐫𝐥𝐝 𝐜𝐥𝐚𝐬𝐬 𝐬𝐜𝐢𝐞𝐧𝐭𝐢𝐬𝐭𝐬. The magnet factory now employs nearly 100 people, among them engineers and scientists from Estonia, Slovenia, Brazil, Spain, and Egypt. Vasileios Tsianos, NPM's Vice President of Development, told Äripäev that these people are renowned PhDs in magnet science who previously had to stick to academic research, as they had no industrial facility in any Western country where they could apply their skills. "These are people who choose to move to Estonia, raise families here, and build something bigger than what we started with in Narva,“ he said. Maru Group hopes to be a part of NPM's long-term plans in Estonia, as designing and building high-tech production facilities is our X-factor. #NeoPerformanceMaterials #MaruGroup #MaruEhitus #MaruBetoonitööd #MaruMetall #MaruTHM #Norte #Magnequench #Estonia #Innovation #Sustainability #Growth #RareEarthMagnets #EstoniaInvestments

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  • Neo Performance Materials reposted this

    Last week, I had the opportunity to attend the opening celebrations for Neo Performance Materials new rare earth magnet manufacturing facility in Narva, Estonia. This project is a great example of cooperation between Canada and the European Union (EU) and is a major step forward in Europe’s efforts to secure strategic supply chains for clean energy and advanced manufacturing. This facility is already attracting attention from EU leaders and industry for its role in supporting the European automotive and renewable energy sectors. Neo is a true Canadian cleantech champion with a global footprint and a bold vision. Export Development Canada | Exportation et développement Canada is proud to be Neo’s key financing partner, and I’m proud to witness firsthand the impact of Canadian innovation on the global stage. La semaine dernière, j'ai eu l'occasion d'assister à la cérémonie d'inauguration de la nouvelle usine de fabrication d'aimants en terres rares de Neo Performance Materials à Narva, en Estonie. Ce projet est un excellent exemple de coopération entre le Canada et l'Union européenne (UE) et représente une avancée majeure dans les efforts déployés par l'Europe pour sécuriser les chaînes d'approvisionnement stratégiques pour l'énergie propre et la fabrication de pointe. Cette usine attire déjà l'attention des dirigeants et de la industrie de l'UE pour son rôle dans le soutien aux secteurs européens de l'automobile et des énergies renouvelables.   Neo est un véritable champion canadien des technologies propres, avec une présence mondiale et une vision audacieuse. Export Development Canada | Exportation et développement Canada est honorée d'être son principal partenaire financier, et je suis fier d'être témoin de l'impact de l'innovation canadienne sur la scène mondiale. 

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