On preso just now, Tim mentioned 9 tonnes of swarf will be provided by VAC to IXR.
The refined product will go to LCM, then alloys back to VAC.
VAC will produce magnets.
I am pretty sure he said that VAC will then supply those magnets to Ford which will evaluate that product.
I think he said that IXR is already about to supply the first oxides to LCM under this deal.
So it is happening.
IXR Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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