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Neo Performance Materials Inc T.NEO

Alternate Symbol(s):  NOPMF

Neo Performance Materials Inc. is a Canada-based company, which is engaged in the green energy transition by manufacturing the building blocks of many technologies that enhance sustainability. The Company's segments include Magnequench, Chemicals and Oxides (C&O), Rare Metals and Corporate. The Magnequench segment manufactures bonded neodymium-iron-boron (NdFeB or neo) powders and bonded permanent magnets. This segment produces bonded magnets (Magnequench Magnets) made from its various Magnequench powder grades. The C&O segment manufactures and distributes a range of advanced industrial materials. Applications from these products include automotive catalysts, permanent magnetics, medical devices, and wastewater treatment. The Rare Metals segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. These products include both high-temperature metals (tantalum, niobium, hafnium and rhenium) and electronic metals (gallium and indium).


TSX:NEO - Post by User

Post by templetooth2on Jul 18, 2024 2:10pm
157 Views
Post# 36138761

Interesting comment found on Twitter

Interesting comment found on TwitterNot specifically about NEO, but about potential/actual headwinds facing ex-China producers of REEs and magnets:

Sustainabledude

@Sustainabledud1

This is also why the practice of using US$80-120 NdPr oxide price forecasts by ex-China rare earth companies is silly China is focused on maintaining downstream permanent magnet market share Besides technological advantages, their main defense to keep competition out is price And frankly, you can do that when you control 90% of separated oxide production Look at notable rare earth producers such as China Northern Rare Earth Group and Shenghe Resources - their P&L is at a small loss However, utilization rates have not been going down Corporate strategy for capturing market share, or orders from above? My hunch is a bit of both, but arguably more of the second Now, it will be interesting to see how the 25% permanent magnet tariff for China magnets will influence the market from 2026 onwards, but for now rare earths can be parked next to green nickel and synthetic graphite As a HotCopper user mentioned: "Current prices are the norm over the last 20 years, and the high price spikes are the anomaly"

 
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