Australian Strategic Materials gets U.S. buyer for rare-earth alloy
MELBOURNE (Reuters) — Australian Strategic Materials said on Tuesday it had agreed to sell neodymium iron boron alloy from its South Korean metals plant to U.S.-based rare-earth magnet maker Noveon Magnetics, sending its shares up by more than a quarter. Under the agreement, the company will sell 100 tonnes of the alloy, which is used … [Read more…]