Energy

Niron Magnetics has been approved for a federal loan of up to $150 million to expand production of rare-earth-free permanent magnets at facilities in Minnesota, a move that could boost local jobs and investment. Bizjournals

Twin Cities average gasoline price fell below $4 to $3.97 per gallon, dropping 12.3 cents from last week but remaining 91.1 cents higher than a year ago. FOX 9

The Minnesota Department of Natural Resources is weighing whether proposed changes to the NorthMet copper-nickel mine require a supplemental environmental impact statement, and it plans to decide on next steps in roughly one month. FOX 9

Eagan Capital sued the city over its one-year moratorium on new data centers, arguing Eagan cannot regulate electricity use; a hearing is set for Aug. 12. FOX 9