Roskill: Neo Performance Materials purchases Asia Magnets Roskill: Rare Earths: Neo Performance Materials purchases facilities of Chinese NdFeB magnet producer Asia Magnets
The integration of NPM and SAMAG would provide a rare earth oxide to magnet integrated supply chain, similar to several state-owned enterprises in China, though difficulties NPM has experienced in sourcing rare earth raw materials in China and the dependence on Russian supplies to feed NPM’s operations in Estonia are expected to continue.
The purchase of SAMAG by NPM could also see NPM competing directly with major existing customers in the magnet industry in Japan, China and Europe. These customers may look to source rare earth and magnet materials from elsewhere as a result, though alternative suppliers of high-performance rare earth and magnet alloys are limited.
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