Lynas, Siemens Form Rare Earths Joint Venture Pact

Bloomberg reported that Lynas Corp (ASX:LYC) and Siemens (ETR:SIE) have formed a joint venture in rare earth supply.

The market news is quoted as saying:

Lynas, which last week agreed to meet additional safety requirements at its upcoming Malaysian refinery, will own 45 percent of the venture, the Sydney-based company said in a statement. Siemens will hold the remaining stake.

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