Neo Performance Materials
- Company typePublic
- Founded1994
- HeadquartersToronto, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Neo Performance Materials firmographics
Firmographics- Name
- Neo Performance Materials
- Legal name
- Neo Performance Materials Inc.
- Website
- https://neomaterials.com
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Neo Performance Materials industry classification
Industry- Product category
- Advanced Industrial Materials / Rare Earth Magnetics
- NAICS
- Other Electrical Equipment and Component Manufacturing (3359), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electrical Equipment, Appliance, and Component Manufacturing (335)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)
- akta.pro secondary industry
- Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)
Keywords
Where Neo Performance Materials is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices9 records
Markets served
Neo Performance Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Magnequench: Magnetic powders and sintered rare earth magnets for EV traction motors, industrial motors, and consumer electronics. Revenue of $64.7M in Q1 2026, up 46% year-over-year.
- Chemicals & Oxides: Emission control catalysts for automotive and industrial applications, rare earth separations, and wastewater treatment solutions. Revenue of $33.2M in Q1 2026.
- Rare Metals: Critical metals including hafnium, gallium, niobium, and tantalum for aerospace, electronics, and healthcare. Record $23.9M EBITDA in Q1 2026 driven by rising hafnium and gallium prices.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for industrial customers |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Neo Performance Materials product offering
Product offeringCore offering
Neo Performance Materials manufactures and sells advanced industrial materials — including rare earth magnetic powders and sintered NdFeB permanent magnets, specialty chemicals and automotive emission control catalysts, and critical metals such as hafnium, gallium, niobium, and tantalum. Its products are sold as physical materials inputs to industrial customers building electric vehicle traction motors, wind turbine generators, industrial automation systems, aerospace components, and medical imaging devices. The company's three operating segments are Magnequench (magnetic powders and magnets), Chemicals & Oxides (catalysts, rare earth separations, water treatment), and Rare Metals (critical specialty metals).
Product overview
Neo Performance Materials operates as a manufacturer of advanced industrial materials organized across three primary business segments: Magnequench (rare earth magnetic powders and sintered magnets), Chemicals & Oxides (specialty chemicals, emissions catalysts, rare earth separations, and wastewater treatment), and Rare Metals (hafnium, gallium, niobium, and tantalum). Neo's products are critical inputs for electric vehicle traction motors, wind turbines, automotive catalysts, aerospace, consumer electronics, industrial automation, and water purification. Strategically, Neo is building a vertically integrated rare earth magnetics value chain in Europe anchored by its new sintered NdFeB magnet plant in Narva, Estonia and its Silmet rare earth separation facility, with a heavy rare earth separation line commissioned in 2026 to produce terbium and dysprosium entirely within Europe. Neo also operates the NAMCO emissions catalyst plant in China and maintains rare earth recycling partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- Magnequench: Business segment focusing on magnetic powders and bonded/sintered magnets for automotive, industrial automation, and electronics applications
- Chemicals & Oxides
- Rare Metals
- NAMCO
Products and services
- Magnequench — Bonded and Sintered Rare Earth Magnetic Powders Rare earth bonded and sintered magnetic powders for automotive traction motors, industrial motors, and consumer electronics applications.
- Sintered NdFeB Permanent Magnets (Narva, Estonia) Sintered neodymium-iron-boron (NdFeB) permanent magnets manufactured at the Narva, Estonia facility for EV traction motors and wind turbine generators.
- Silmet Rare Earth Separations (Estonia) Rare earth separation and refining services producing separated heavy rare earth oxides (terbium, dysprosium) and other rare earth oxides at the Silmet facility in Sillamäe, Estonia.
- Chemicals & Oxides — Environmental Emission Control Catalysts Specialty chemicals including automotive and industrial emission control catalysts, rare earth oxides, and wastewater treatment solutions.
- NAMCO Environmental Emissions Catalyst Plant Environmental emissions catalysts manufactured at the NAMCO plant in Jiangyin, China for hybrid and internal combustion vehicle platforms meeting stricter emission standards.
- Rare Metals — Hafnium, Gallium, Niobium, Tantalum Critical specialty metals including hafnium, gallium, niobium, and tantalum supplied to aerospace, semiconductor, and electronics customers.
- Circular Rare Earth Supply Chain (with Cyclic Materials) Trans-Atlantic closed-loop rare earth recycling program sourcing recycled mixed rare earth oxides from magnet production scrap and end-of-life magnets for Neo's European manufacturing operations.
Quantifiable outcome
- Phase 1 magnet facility can supply magnets for 1-1.5M EV traction motors annually
- +2 more outcomes
Companies that use Neo Performance Materials
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles3 records
Neo Performance Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
Neo Performance Materials partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- Greenland Mines Ltd.coreNeo partnered with Greenland Mines to transfer Sarfartoq rare earth project through Neo North Star Resources. Neo retains equity stake and 60% offtake rights on future production. Creates supply pathway from Greenlandic rare earths to Neo's downstream separation and magnet operations in Europe. Transaction valued at US$35M ($20M cash + $15M stock).
- Tallinn University of Technology (TalTech)coreMulti-year research partnership deploying AI and machine learning across rare earth separation and permanent magnet manufacturing. Leverages Neo's 30 years of operational data and TalTech's industrial AI expertise. Includes joint curricula, internships, and student engagement for next-generation talent development.
- Cyclic MaterialscoreNon-binding MOU for circular trans-Atlantic rare earth supply chain. Cyclic will recycle magnet production scrap and end-of-life magnets into mixed rare earth oxides supplied to Neo's European alloy and magnet manufacturing operations. Supports EU Critical Raw Materials Act objectives.
- Robert Bosch GmbHcoreExtended multi-year MOU reserving annual magnet production capacity for automotive supplier. Strategic partnership for high-performance magnets serving automotive platforms.
- Globe Metals & MiningsupportingMOU for offtake of niobium pentoxide from Kanyika Project in Malawi. Framework for future binding commercial offtake agreements to supply Neo's Silmet facility and secure long-term access to critical metals from diversified sources.
- Shenghe Resources Holding Co., Ltd.supportingPurchaser of Neo's China rare earth separation assets (JAMR 86% equity, ZAMR 100% equity) for ~$30M. Neo retained 9% equity in JAMR and exclusive distribution rights for premium heavy rare earth products outside China for 5 years.
- Meteoric Resources NLsupportingRare earth offtake MOU for annual supply of up to 900 metric tons of Nd-Pr oxide and 30 metric tons of Dy and Tb oxide from Brazil operations to supplement supply for Neo's sintered magnet facility in Europe.
- SG Technologies GroupsupportingAcquired SG Technologies Group for approximately $13.4 million to enhance European NdFeB magnet manufacturing capabilities.
Scale indicators15 records
Recent moves9 records
Expansion highlights6 records
Neo Performance Materials competitors and assessment
Company assessmentDirect peers
- MP Materials: U.S. rare earth mining and magnet producer building domestic NdFeB magnet capacity; directly comparable as a Western non-China rare earth magnetics champion targeting automotive and defense customers.
- Lynas Rare Earths: Australia's largest rare earth processor and the most direct comparable for Neo's Silmet separation business; produces separated rare earth oxides including heavy rare earths and supplies downstream magnet and catalyst markets.
Broad incumbents
- Hitachi Metals (Proterial): Japan-based global leader in sintered NdFeB magnets with established OEM relationships; competes head-to-head with Neo's Magnequench franchise in automotive traction motors and industrial automation.
- Shin-Etsu Chemical: Major Japanese producer of rare earth magnets and one of the largest global sintered NdFeB suppliers to EV traction motor and consumer electronics customers; directly comparable in magnet product portfolio.
- TDK Corporation: Diversified electronics and magnet producer with significant rare earth magnet operations serving automotive, industrial, and consumer end-markets; overlaps with Neo's Magnequench bonded and sintered magnet offerings.
- Solvay (Rhodia): European specialty chemicals producer with rare earth separation and catalyst capabilities; historic patent litigant against Neo and a comparable player in the rare earths and emission catalysts value chain.
Emerging players
- Energy Fuels: U.S.-based critical minerals producer expanding into rare earth processing; emerging Western non-China alternative in rare earth separations, with growing oxide and magnet recycling capabilities.
- USA Rare Earth: U.S. emerging rare earth and magnet producer developing domestic NdFeB magnet capacity; targets similar automotive and defense customers and represents another Western non-China competitor building localized supply.
Regional players
- Shenghe Resources Holding: Chinese rare earth company that acquired Neo's JAMR and ZAMR separation assets; comparable separation capabilities but serving primarily China-dominant customers — regional competitor in feedstock and heavy rare earths.
Others
- Cyclic Materials: Canadian rare earth recycling partner to Neo (trans-Atlantic circular supply chain MOU); adjacent enabling participant in the rare earth magnet recycling ecosystem rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Neo Performance Materials social profiles
Digital presenceNeo Performance Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neo Performance Materials leadership team
Management profileNumber of profiles
Profiles8 records
Neo Performance Materials subsidiaries and ownership
Company hierarchySubsidiaries8 records
Neo Performance Materials funding detail
Funding detailFunding overview
Funding rounds9 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neo Performance Materials M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neo Performance Materials
What does Neo Performance Materials do?
Neo Performance Materials manufactures and sells advanced industrial materials — including rare earth magnetic powders and sintered NdFeB permanent magnets, specialty chemicals and automotive emission control catalysts, and critical metals such as hafnium, gallium, niobium, and tantalum. Its products are sold as physical materials inputs to industrial customers building electric vehicle traction motors, wind turbine generators, industrial automation systems, aerospace components, and medical imaging devices. The company's three operating segments are Magnequench (magnetic powders and magnets), Chemicals & Oxides (catalysts, rare earth separations, water treatment), and Rare Metals (critical specialty metals).
Is Neo Performance Materials a public or private company?
Neo Performance Materials is a public company. It is classified as public and is currently operating.
When was Neo Performance Materials founded?
Neo Performance Materials was founded in 1994. It employs 1,001 to 5,000 people.
Where is Neo Performance Materials based?
Neo Performance Materials is headquartered in Toronto, Canada, in the North America region.
How does Neo Performance Materials make money?
Three revenue lines are on record. Magnequench is the primary driver. The others are chemicals & Oxides and rare Metals.
Who are Neo Performance Materials's main competitors?
Direct peers on record are MP Materials and Lynas Rare Earths. Broad incumbents are Hitachi Metals (Proterial), Shin-Etsu Chemical, TDK Corporation and Solvay (Rhodia). Emerging players are Energy Fuels and USA Rare Earth. Shenghe Resources Holding is listed as a regional player. Cyclic Materials is listed as an others.
Does Neo Performance Materials have an API?
No public API is recorded for Neo Performance Materials.
What industry is Neo Performance Materials in?
Neo Performance Materials's product category is Advanced Industrial Materials / Rare Earth Magnetics. Its primary akta.pro industry code is IMAKAFAH, Rare Earths Separation & Refining (Oxides/Metals), with a secondary code of IMAKAJAC, Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel). Its NAICS code is 3359 and its SIC code is 3330.