China's magnet giants posted 30–50% profit gains in H1 2026 while U.S. firms like Niron and MP Materials race to build capacity with government-backed
Company Profile
Dauch Corporation (GKN Powder Metallurgy)
Overview
About Dauch Corporation (GKN Powder Metallurgy)
Dauch Corporation (NYSE: DCH), formerly American Axle & Manufacturing Holdings, is a U.S. automotive driveline and metal-forming supplier headquartered in Detroit, Michigan, with operations across North America, Asia, Europe and South America. In February 2026 the company completed its US$1.44 billion acquisition of UK-based Dowlais Group plc, owner of GKN Automotive and GKN Powder Metallurgy, and rebranded as Dauch Corporation.
GKN Powder Metallurgy is a global leader in metal powders and sintered components and had been developing rare-earth permanent magnets, operating a pilot magnet plant in Germany with plans for commercial neodymium-iron-boron magnet capacity in Europe. Following the takeover, the newly formed Dauch Corporation cancelled those European rare-earth magnet plans, treating magnets as non-core, a notable setback for Europe’s ambitions to build domestic rare-earth magnet manufacturing and reduce reliance on Chinese supply.
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REEx Intelligence
Recent Articles
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Discover how nations are challenging China's 90% monopoly on rare earth magnets, with strategic investments and innovative projects reshaping global supply cha…
UK government awards £11M to Ionic Technologies for innovative rare earth magnet recycling project, targeting domestic EV supply chain transformation.
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Discover how the US, Canada, Australia, and UK can build a strategic alliance to secure critical minerals supply chains and counter global dependencies.
