Industrial Minerals


Lynas and Siemens mull rare earth magnet joint venture

07 July 2011

by Mark Watts

Siemens would take majority stake in venture; purchase neodymium from Lynas

Keywords: Lynas, Siemens, magnets, rare earths, neodymium

Rare earth developer Lynas and German conglomerate Siemens are in discussions over forming a joint venture to produce rare earth permanent magnets.The two companies signed a letter of intent to explore the possibilities of producing high-strength, neodymium-based, magnets...