Neo Performance Materials Inc (TSE:NEO) has released an update.
Neo Performance Materials Inc. has launched its modernized NAMCO facility in Zibo, China, aiming to bolster its position among the top producers of rare earth compounds for emissions control. The upgraded plant, which celebrated its grand opening with stakeholders, is receiving customer approvals and is on track to reach full production by late 2024. This expansion aligns with growing demands for cleaner energy solutions in the automotive industry.
For further insights into TSE:NEO stock, check out TipRanks’ Stock Analysis page.
