LYC 2.89% $5.69 lynas rare earths limited

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    http://www.indiainfoline.com/articl...o-make-rare-earth-magnets-114021204569_1.html

    Siemens ties up with Lynas to make rare earth magnets
    capital market | Mumbai | February 12, 2014 14:28 IST

    Siemens and the Australia-based Lynas Corporation have signed a Letter of Intent to establish a joint venture for producing neodymium-based rare earth magnets. Neodymium magnets are made of an alloy comprising neodymium, iron and boron. Siemens requires the magnets for the making energy-efficient drive applications and wind-turbine generators.

    https://www.streetwisereports.com/pub/na/ryan-castillouxs-state-of-the-ree-market-address

    TMR: Does Siemens' deal with Molycorp preclude a deal with Tasman or any other emerging rare earth recovery (REO) producers?

    RC: Not necessarily. The Siemens/Molycorp 10-year deal announcement didn't discuss any specific numbers for offtake tonnage. It's my understanding that Siemens had a previous deal with Lynas Corp. (LYC:ASX) that is still alive. It could just be that Siemens is looking to diversify its supply sources.
 
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