The project by E-Vac Magnetics, a German magnet manufacturer VAC Group subsidiary, will be the second large-scale rare earth magnet plant in the U.S.
First raw material from Mount Weld mine processed further.
The rare earth magnet and industry material producer reported Q3 results.
The carmakers invest in a ferrite nitride-based magnet startup.
Prices of Lithium, nickel, and cobalt down year-on-year.
Falling prices for rare earths weigh on operators of the Mountain Pass Mine in California.
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