CONROE, Texas – (Realty News Report) – Hertha Metals has broken ground on a $100 million plant that will produce high-purity iron in Conroe, about 40 miles north of Houston.
The new plant, located on FM 3082, is called Hertha Chalyx. Chalyx’s first priority is high-purity iron for U.S. rare earth magnet manufacturers.
The magnets go into electric vehicles, wind turbines, data centers, robotics and defense systems. U.S. officials have voiced concern over the supply of the magnets and certain rare earth materials after China announced last year that it would restrict the exports of them. An estimated 94% of the high-purity iron for those magnets (NdFeB magnets) is made in China…