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Canada's Neo gains on MoU with Bosch

ReutersSep 19, 2025 2:41 PM

Shares of Canadian rare earth company Neo Performance Materials NEO.TO up 2.73% at C$17.3

NEO signs multi-year Memorandum of Understanding with Robert Bosch GmbH (Bosch)for high-performance magnets

The deal solidifies Neo's role as a strategic supplier-of-choice for magnets to automotive applications and beyond, the co says

Neo will reserve significant annual magnet production capacity for Bosch

Including session's move, stock up 116.5% YTD

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