Great Western Minerals Group (GWMG) has entered into a long-term agreement with German firm Vacuumschmelze (VAC), to supply rare earth alloys and metals.
Go deeper with GlobalData
Under the terms of the agreement, GWMG’s subsidiary Less Common Metals (LCM) will be a major supplier to VAC, producing and supplying neodymium / dysprosium alloys, samarium alloys and associated metals produced for VAC’s permanent magnet operation.
The alloy / metal production will be based on the long-term supply of rare earth feed materials from GWMG’s Steenkampskraal mine in Cape Town, South Africa.
LCM is also planning to install a new melting capacity to provide alloy composition and microstructure that will match VAC’s specifications in the future.
VAC will purchase a minimum 50% share of rare earth material needs from GWMG as part of the agreement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
