The court also ordered the forfeiture of N42,461,096.66 and $26.44, all traced to Cititrust Holdings Plc and its subsidiaries. The ruling, delivered on Tuesday, April 15, 2025, followed a motion ...

This equates to about 5% of the worldwide production of neodymium/praseodymium oxides a year for downstream processing or to be sold on the international market. Initial feedstock will be shipped ...

In addition to the forfeited shares, the judge also ordered the final forfeiture of about N42.5 million (N42,461,096.66) and $26.44 in cash, both traced to Cititrust Holdings Plc and its subsidiaries.

The directors of Presco Plc have recommended a final dividend of N42 billion or N42 per share payable to the shareholders for the year ended December 31, 2024. The company in its audited financial ...

Also forfeited were the sums of N42,461,096.66 and $26.44, all traced to Cititrust Holdings Plc and its subsidiaries. Justice F.N. Ogazi ordered the final forfeiture on Tuesday, following a motion ...

Solvay aims to supply 30% of Europe's rare earth demand by 2030 Chemicals group targets neodymium and praseodymium for EVs and wind turbines Company's La Rochelle plant was once among the largest ...

With the recent doubling down of tariffs between the US, EU and Chinese tech, critical minerals and rare earth elements used in the production of components from circuit boards to the neodymium in ...

A select few from the group of 17 are also vital to clean energy transition industries such as electric vehicles (EVs) — neodymium and praseodymium are found in the permanent magnet synchronous ...

Electric vehicles rely on rare earth elements, primarily neodymium, dysprosium, and terbium, in the permanent magnets of their electric motors to achieve high magnetic strength and maintain ...

Bentley has expanded its electrified lineup with the debut of a new high-performance hybrid powertrain across its Continental GT, Continental GT Convertible (GTC), and Flying Spur models ...

In HDDs, dysprosium is added to permanent neodymium-iron-boron (NdFeB) magnets used in voice coil motors, which control the read/write head as it improves the magnet's coercivity under high ...