The main objective of this Marie Curie RISE action is to improve and exchange interdisciplinary knowledge of materials design by modelling, materials synthesis, characterization, and materials processing for permanent magnet development to be able to provide a critical raw free permanent magnet to the industry. Permanent magnets are indispensable for many commercial and military applications. Major commercial applications include the electric, electronic and automobile industries, communications, information technologies and automatic control engineering. Development and improvement of new technologies based on permanent magnets requires the joint effort of a multidisciplinary researcher collective, involving the expertise of participants on different disciplines including physics, chemistry, materials science and engineering. A consortium with such expertise is put together to undertake an integrative and concerted effort (via knowledge transfer) to provide the fundamental innovations and breakthroughs that are needed to fabricate/implement industrially new phases and microstructures required for the development and application of advanced permanent magnets without the use of critical materials.
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The latest European non-energy raw materials review report, identifies 20 critical raw materials and classifies them in relation to their supply risk and economic importance for Europe. Among them Rare Earth (RE) and Cobalt. The global market for permanent magnets (PM) is projected to reach $18,800 billion by the