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Siemens and Lynas to form a joint venture for magnet production

Thu, 07/07/2011 - 1:25am
Manufacturing.net
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. Siemens requires this kind of magnets for the production of energy-efficient drive applications and wind-turbine generators.

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