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Vacuumschmelze and LS Eco Advanced Material to produce rare earth magnets

By electrive.com 02/14/2024 - 11:05 02/14/2024 Electrive

German company Vacuumschmelze (VAC), which specialises in magnetic materials, and the South Korean company LS Eco Advanced Materials are planning a joint venture to produce neodymium for electric car motors. The joint venture will be founded this year, and production should kick off in 2027. Read more…