Siemens Seeks Rare Earths Outside China After Supplies Curbed

Bloomberg reported that Siemens AG (ETR:SIE) is looking for a source of rare earths that is outside of China.

The market news is quoted as saying:

Siemens, Germany’s largest engineering company, is seeking to develop supplies for rare earths in Australia, Russia, Greenland and California that will limit price increases and keep materials crucial to their products flowing, said Henrik Stiesdal, chief technology officer of Siemens Wind Power.

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