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Researchers have developed a new magnet comprised of manganese gallium.
"Researchers have developed a new magnet comprised of manganese gallium which was created on a nano-scale. The magnet produces a powerful magnetic field that is only slightly weaker than magnets made of rare earth materials. The synthesized manganese gallium magnets are far less expensive than their rare earth counterparts, making them a viable alternative for emerging energy systems.

The new magnets would likely have profound implications on the manufacture of wind turbines and electric motors. If researchers can increase the power of these magnets, the U.S. may no longer need to rely on products manufactured in China and other countries. Researchers have said that their developments have generated a large amount of interest from companies like LG Electronics and Toyota."


http://www.hydrogenfuelnews.com/northeastern-university-researchers-create-powerful-magnet-not-made-from-rare-earth-materials/851936/