EastCoal (TSE:CTH) has released an update.
EastCoal’s subsidiary, HyProMag USA, stands to gain from the newly announced 25% tariff on Chinese permanent magnet imports by the US, beginning in 2026. The company, which specializes in recycling rare earth elements using patented technology, is undertaking a feasibility study for the deployment of its innovative recycling process across three US sites. This strategic move aligns with the tariff’s start date, potentially bolstering HyProMag USA’s business case and targeting first revenues in the same year.
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