Star Group Industrial plans rare earth magnet plant in Vietnam

South Korea's Star Group Industrial plans to open a factory in Vietnam to produce 5,000 tons of neodymium magnets per year by 2025, targeting output for 2 million electric vehicles.

“SGI's Vietnam project, for instance, targets 2025 output of 5,000 tons of high-end neodymium (NdFeB) magnets per year, enough for 2 million electric vehicles (EVs).”asiafinancial.com

• 1 source
• asiafinancial.comRare Earth Magnet Firms Plan Vietnam Plants as China HedgeJim PollardAug 22, 2023

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