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Polaris Rare Earth Materials, LLC
116 West Carmel Drive, Carmel, Indiana, United States

Memberships : NA
Industry : Rare Earth
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Since Nov, 2016
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About Company

Polaris Rare Earth Materials, LLC is a global provider of rare earth materials and permanent magnets, as well as a manufacturer of magnet assemblies. Polaris Rare Earth Materials, LLC is a global provider of rare earth materials and permanent magnets. We have developed excellent sources in China to supply these rare earth materials.The rare earth materials and products we deliver are transforming everyday lives through a wide range of practical product applications in the automotive, consumer electronics, technology and industrial arenas. Rare earth elements are used in petroleum refining, glass polishing, lighting, computer screens, high-energy magnets, ceramics, disk drives, CD players, jet engines—the list is almost endless. These elements have become critical components in many applications, as the continued use of engineered materials has grown exponentially.In addition, Polaris is a manufacturer of magnet assemblies, sub-assemblies, and a variety of custom components. We maintain a strategic relationship with Ningbo NorthStar, where we manufacture magnet assemblies and sub-assemblies to tight OEM specifications and tolerances.With carefully monitored and dependable suppliers, Polaris provides quality materials, magnet assembly, component manufacturing and value-added services to customers throughout the world. 

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.Polaris has grown and expanded in scope over the years. Now, in addition to remaining a trusted provider of rare earth materials, the company provides magnets, custom components and magnet sub-assemblies through our strategic relationship with Ningbo NorthStar. We continue to expand our services and our product lines to meet our customers’ needs.


Company NamePolaris Rare Earth Materials, LLC
Business CategoryRare Earth
Address116 West Carmel Drive
United States
ZIP: 46032
PresidentMitchell L. Spencer
Year Established1998
Hours of OperationNA
Company Services
  • Rare Earth Refining & Supply
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