In 2027 magnets for US military equipment cannot contain materials mined or processed in China. The US government is moving things along having given $45M to MP, $250m to Lynas for the Seadrift plant and $29m to Noveon Magnetics also in Texas.
Obviously Lynas is in the best position to supply the "Western-world supply chain." A problem is that these magnets will be expensive, but GM says it will by US-made magnets
https://www.wsj.com/business/china-rare-earth-magnets-us-production-782677e5?mod=Searchresults_pos1&page=1
In 2027 magnets for US military equipment cannot contain...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.40 |
Change
0.170(2.73%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.40 | $6.28 | $12.65M | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15037 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 38814 | 10 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |