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Hitachi Metals to set up joint venture for Neodymium-Iron-Boron magnets in China

Hitachi Metals, Ltd. announced that it has signed a basic agreement with Beijing Zhong Ke San Huan Hi-Tech Co., Ltd., a Chinese magnet manufacturer, to establish a joint venture to produce and sell Neodymium-Iron-Boron magnets for the Chinese market. The majority of the joint venture's capital will be provided by Hit....

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