General Chat / Discussion, page-8403

According to Korea IT Times, LS Eco Energy will start supplying neodymium this year and is also considering building a factory for rare earth metals in Vietnam, CEO Lee Sang-ho said. LS Cable recently signed a purchase agreement for rare earths with the Vietnamese mining company Hung Thinh Mineral, starting with 200 tons in the current year. Vietnam has the second-largest rare earth deposits after China and intends to significantly expand its mining and processing activities. VAC is also playing an important role in establishing its western supply chains and is currently building a plant for rare earth magnets in the U.S. (we reported). It would be only the second factory in the United States.