History
In 1998, Mitchell Spencer began a three-year assignment in China to oversee the design and construction of an NdFeB rare earth magnet manufacturing facility. He was exposed to the strengths and weaknesses of the Chinese rare earths industry on a daily basis—and the vision for Polaris was born. Mitch recognized the need for U.S. companies requiring rare earths to have a trusted resource, working with suppliers in China to ensure their needs were being met and customers were receiving high-quality products.
Polaris Rare Earth Materials was founded in 2001 by a group of industry experts who shared this vision of providing quality rare earth products and customer-focused service. Mitch Spencer became the company’s president at that time. Every member of the Polaris management team has previously worked with Magnequench and General Motors; each brings a wealth of practical experience and specific knowledge of rare earths, magnetic materials, and magnet technologies.
Although Polaris began primarily as a provider of rare earth materials, the company now offers magnets, custom components and, through a recent joint venture with Ningbo NorthStar, magnet sub-assemblies. We continue to expand our services and our product lines to meet our customers’ needs.
