TSX:NEOChemicals
Neo Performance Materials (TSX:NEO) Is Down 8.4% After Opening Estonia Magnet Plant for Western EV Supply Chains
Neo Performance Materials recently inaugurated its Narva traction motor magnet plant in Estonia, establishing itself as the only Western-based producer of rare earth sintered permanent magnets for regional supply chains.
This development enables Western original equipment manufacturers to source critical magnet components domestically, strengthening supply chain security and reducing reliance on international suppliers.
We'll explore how Neo's new plant positions the company to better serve...