TDK and Guangdong Rising form joint venture to produce rare earths-based magnets

By Antonio Torrisi
Published: Thursday, 19 June 2014

The joint venture between Japanese TDK and Chinese Guandong Rising follows the recent cooperation letter of intent signed between Chinalco and Liyang Solvay, showing China’s effort to open up to collaborating with global industrial partners in the rare earths market

Japanese rare earths magnetic material manufacturer, TDK, and Chinese rare earths producer Guangdong Rising Nonferrous Metals Co. have established a joint venture (JV) for the production of neodymium-iron-boron (NdFeB) permanent magnets.

The JV project, called Guangdong Dongdjanhua Rising Hi-Tech & New Material Co., will operate from at the industrial high-tech...

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