Production in California is set to switch to silicon carbide semiconductors due to growing demand from the electric vehicle industry.
This would be the fourth planned venture into electromobility by the American automaker and a step towards its goal of producing 1 million electric vehicles annually by 2025.
Increasing demand in new application fields combined with positive market sentiment and tightening supply pushes the global tellurium prices higher.
Record production of NdPr, uncertainty remains over the continued operation of the Malaysian rare earth element refinery.
Further construction of rare earths processing plant paused for review of economic viability.
Neo Performance (Neo), which specializes in the production of metal alloys and rare earth magnets, is strengthening its expertise in the field of magnet production through the acquisition of SG Technologies Group (SGTec).