Hanau/Berlin – VACUUMSCHMELZE (VAC), a global leader in the production of rare earth permanent magnets, and Torngat Metals, a Quebec-based rare earths development company, have signed a non-binding Memorandum of Understanding (MOU) to pursue an offtake agreement. The agreement aims to provide VAC with long-term security of fully traceable and responsibly produced separated rare earth oxides.
