Schaeffler signs five-year supply deal with REEtec for rare earth oxides
Green Car Congress
APRIL 25, 2022
In future, Schaeffler will procure these metals from REEtec AS, which uses a sustainable production process. Through this partnership, we are also securing our supply of neodymium iron boron magnets for electric motors. The off-take agreement will supply REEtec with 750tons NdPr per year over 5 years.
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