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Ionic Rare Earths Limited ( (AU:IXR) ) has provided an announcement.
Ionic Rare Earths Limited’s subsidiary, Ionic Technologies, is ramping up production of heavy rare earth oxides at its Belfast plant in response to increased demand from Western markets following China’s export restrictions. This strategic move positions IonicRE as a key supplier of these critical materials, with the company leveraging its advanced processing capabilities to meet the urgent supply requests and capitalize on the surging prices and constrained supply of rare earths.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited operates in the rare earth industry, focusing on the production of high-purity rare earth oxides. The company is particularly involved in the supply of heavy rare earths such as dysprosium and terbium, which are critical for the manufacture of high-performance magnets used in defense, advanced manufacturing, and renewable energy sectors. IonicRE is committed to establishing a sustainable and traceable rare earth supply chain outside of China.
Average Trading Volume: 34,739,636
Technical Sentiment Signal: Hold
Current Market Cap: A$107.1M
See more insights into IXR stock on TipRanks’ Stock Analysis page.