Siemens sign deal for turbine magnets

Siemens and the Australian Lynas Corporation Limited have signed a letter of intent to establish a joint venture for the production of neodymium based rare earth magnets. Magnets are needed for the production of energy-efficient drive applications and wind-turbine generators. Lynas will provide Siemens raw materials, predominantly neodymium to the joint venture. Lynas Executive Chairman, […]

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