Q2 Report
SIEMENS-LYNAS COOPERATION
In 2011, Lynas and Siemens AG announced a Letter of Intent to establish a joint venture for rare earths permanent magnet production. Since that time, the parties have been analysing various structures of cooperation with the aim of building a sustainable business relationship. During that period, growth potential in energy-efficient drive applications and wind-turbine generators have been confirmed. The parties continue to work towards optimising the structure of the supply chain business model to supply Siemens with sustainable sourcing of NdFeB magnets.
Status quo remains.
Q2 ReportSIEMENS-LYNAS COOPERATIONIn 2011, Lynas and Siemens AG...
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$6.74 |
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-0.080(1.17%) |
Mkt cap ! $6.300B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.85 | $6.67 | $15.08M | 2.242M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70897 | $6.74 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 3296 | 2 |
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