Neo Performance Materials slips as it exits separation facilities in China

ReutersMay 22, 2025 2:18 PM

Shares of Canadian rare earth company Neo Performance Materials NEO.TO down 4.7% at C$9.50

Company says it has exited from two of its China separation facilities concluding the strategic review it launched last year

NEO aims to reduce geopolitical risk and price volatility while expanding in Europe and North America

"Company is scaling its European magnet operations and evaluating additional supporting capabilities, such as heavy rare earth separations" - NEO

NEO expects its permanent magnet facility in Europe to be completed on time and start commercial production in 2026

Including session's moves, NEO shares up 17.5% YTD

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