EastCoal (TSE:CTH) has released an update.
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EastCoal’s recent feasibility study highlights a new venture in the U.S. for recycling rare earth magnets using advanced technology, promising robust economic returns. The project aims to enhance domestic production of Neodymium Iron Boron magnets, crucial for industries like defense and automotive, while offering a reduced carbon footprint. With a strategic location in Texas and plans for expansion, the initiative is positioned to capitalize on current and future market demands.
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