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NdPr based permanent magnets enable the manufacturing of electric motors and generators with the highest power density and energy efficiency. They are used in 95% of EVs and wind turbines in a high-growth consumption market. Today, more than 80% of the entire rare earths magnet value chain is concentrated in China.
The sustainable and competitive advantages of the Eureka NdPr project come from its geo-politically and technically de-risked as well as easily accessible exploration asset in Namibia. It offers a high-value, efficiently processable and highly concentrated product with a low CO2 footprint.
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