5E Advanced Metals targets future production of ferroboron

5E Advanced Materials announced that it targets future production of Ferroboron and the establishment of a secure, domestic supply chain utilizing upstream feedstock of boric acid produced from its Fort Cady site in California. Ferroboron is an iron-boron alloy used as a boron additive in specialty steel and as a boron source for neodymium-iron-boron magnet alloy feedstock. NdFeB permanent magnets are essential components in high-efficiency electric motors, wind turbines, industrial automation and defense systems. Recent export controls and geopolitical friction have reinforced investors’ and customers’ focus on domestic magnet supply chains, where global manufacturing remains highly concentrated. The U.S. currently has no domestic production of ferroboron, creating a critical dependency within specialty steel and permanent magnet supply chains.