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Ionic Rare Earths Limited ( (AU:IXR) ) has provided an announcement.
Ionic Rare Earths Limited announced preliminary results from a Life Cycle Assessment conducted by Minviro, indicating that their magnet recycling process could reduce carbon emissions by 30-50% compared to traditional rare earth oxide production methods. These findings, currently under peer review, highlight the potential for a more sustainable REE supply chain, particularly benefiting the UK and European markets. The company’s strategic initiatives, backed by UK government support, include collaborating with Less Common Metals and Ford Technologies to establish a supply chain for recycled magnets, which will contribute to Ford’s European electric vehicle production.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited, trading under the ASX code IXR, is involved in the rare earth industry with a focus on sustainable production and recycling of rare earth elements (REEs). The company operates through its subsidiary, Ionic Technologies, aiming to develop a commercial manufacturing plant for recycled rare earth oxides in Belfast, UK.
Average Trading Volume: 5,598,088
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$31.43M
Learn more about IXR stock on TipRanks’ Stock Analysis page.
