Why non-metals are getting in on the magnet-swap craze
The metals industry is not going away, despite the warnings of some investors.
And, in a twist that could put some investors off, the latest round of research has revealed that they might not be all that keen on using magnets in the future.
It comes from a new study from the investment consultancy Bain & Co, which found that non-metal companies are the most likely to invest in magnets.
“They are the ones that are looking at magnetic materials, and the only ones that have a vested interest in them,” said Bain’s head of strategy, Daniel Patey.
“If you’re looking at it from a business point of view, it is a no-brainer.”
It’s not just non-mining companies investing in the idea.
The likes of Tesla and Google are already investing in magnets, with Google investing in 100m magnetic-free Google Glasses.
But Mr Pateys findings are based on information from more than 4,000 investment managers, who were asked to predict which of three possible technologies would be the best for the industry.
They looked at everything from magnetic materials and battery packs to the energy density and energy density of the magnets.
They also considered the potential for magnetic-based smart cards, which would be able to detect when a person’s hand is moved to a particular spot.
Non-mining non-companies The research was carried out by Bain &tg, a firm that specialises in helping non-finance companies navigate the tough global financial markets.
It’s the first time non-mining non-financial companies have been asked to forecast the future of a technology they might be investing in.
It means the firms are not the only players out there looking to take advantage of the rapidly changing technology.
A range of non-industry players have jumped on the bandwagon, including medical devices maker Thermo Fisher Scientific, which is trying to create a magnetic-enabled healthcare system.
The company is currently testing out its new wireless system in South Africa, and it’s also working on a magnetic heart rate monitor.
In the future, it will be possible to use the technology to monitor the heart rate of the wearer.
The study found that although non-manufacturing non-commercial companies (NMOCs) are not yet on the radar of investment banks, they do have a stake in the industry and are “highly motivated” to take on the challenge.
“There are certainly people out there who want to do this, and there are certainly companies out there that are doing it,” said Mr Pates.
Non mining non-merchants Non-miners aren’t the only companies investing, but they’re one of the biggest, according to Bain &s.
They include companies such as Samsung, which has a $50bn-plus manufacturing arm, and Tesla, which manufactures its own electric vehicles and batteries.
These two companies together have a market capitalisation of $3.8tn.
The biggest company, Google, is also heavily invested in non-miner companies.
The search giant has invested in companies such a DuraTech and the UK-based company Advanced Micro Devices.
Non manufacturing non-corporates The biggest non-minting non-company is General Motors, which owns about half of GM’s assets, including the Pontiac Grand Prix, Lincoln MKC and Buick LaCrosse.
It also owns a range of other brands including the Chevrolet Volt, Cadillac Escalade and Chevrolet Bolt.
The GM brand is the only one of its kind in the US, and a significant number of its products are produced by non-GM manufacturers, such as Toyota and Hyundai.
“We’ve invested in many companies that are developing different products, and some of them are going to be successful,” said Dr Christopher Wood, general manager of global product strategy for GM, in an interview.
Non minting non business firms are also investing heavily in non manufacturing businesses.
The largest of these is the US-based healthcare company Thermo International.
It has invested $1.7bn in non minting companies, according, to its website.
It employs more than 1,000 people and is one of a number of firms trying to develop medical devices for the elderly.
Thermo’s new product, a portable ultrasound device, is one example of a non-non business.
It uses magnetic technology to detect the heartbeat of patients.
It is also one of only two devices that uses a patented magnetic coil, which uses a coil of magnets and other magnets to provide electricity to a patient.
“Our goal is to help the healthcare community reduce its reliance on expensive and unreliable medical equipment,” said Thermo in a statement.
“Thermo is excited to be able help advance our healthcare product portfolio and we look forward to working with other healthcare leaders in the healthcare space.”
In other words, Thermo is building an MRI machine that works like a heart monitor.
“The challenge for us is