LYC lynas rare earths limited
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Great news!!Seems there's a major new magnet making initiative...

  1. EddieB
    1,256 Posts.
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    11/09/24
    23:04
    Post #: 75636186
    Great news!!
    Seems there's a major new magnet making initiative by Vacuumschmeltze and GM based in South Carolina.
    VAC have magnet making IP and capacity in Europe.
    It's a US$ half billion, committed investment.
    https://scdailygazette.com/briefs/german-manufacturer-to-invest-506m-hire-300-workers-in-sumter/
    https://www.reuters.com/markets/commodities/germanys-vacuumschmelze-agrees-binding-deal-with-gm-magnet-factory-2023-01-30/
    Published detail is currently limited but here's a broad-ranging interview with the CEO.

    LYC Price at posting: $6.87 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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