Its small, but surely the second agreement in an ever growing list. It now has a (small) sales footprint in the US and Korea. These are the trickling beginnings of what should prove to be a growing supply stream.
Perhaps the Noveon contract has a little more future growth potential too:
"Dunn figures that once its San Marcos facility is at capacity, by 2024 or 2025, it will be able to churn out 2,000 tons of magnets under long-term supplier agreements, using a mix of recycled and mined rare-earth materials, and bringing in revenue of $250 million with 40% Ebitda at current magnet prices. After that, he hopes to set up similar magnet factories in Europe and Asia (outside of China), with a goal of reaching $1 billion in revenue within five years."
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)