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Ionic Rare Earths Limited ( (AU:IXR) ) has provided an update.
Ionic Rare Earths Limited has announced the near completion of a Life Cycle Assessment (LCA) for its subsidiary, Ionic Technologies, which is developing a magnet recycling process in Belfast, UK. The assessment, conducted with Minviro Ltd., is expected to confirm the environmental benefits of Ionic’s patented recycling process, showing a smaller carbon footprint compared to traditional methods. This study aligns with the increasing demand for sustainable supply chains, particularly in the context of emerging technologies like electric vehicles and wind turbines, and positions Ionic Technologies as a leader in reducing CO2 emissions in the permanent magnet supply chain. The company is also collaborating with UK-based partners to establish a local supply chain for recycled magnets, supported by UK government initiatives.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is involved in the rare earth elements industry, focusing on the recycling of rare earth oxides (REOs) for use in various technologies. The company is dedicated to providing sustainable, traceable, and secure rare earth supplies outside of China, with a market focus on reducing the environmental impact of REOs.
Average Trading Volume: 5,625,953
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$31.43M
For an in-depth examination of IXR stock, go to TipRanks’ Stock Analysis page.
