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IN BRIEF: Pensana plans to develop low energy magnet recycling method

25th Jan 2022 13:06

Pensana PLC - London-based miner of rare earth metals for electric vehicles and wind turbines - On Tuesday signed a cooperation agreement with Stavanger, Norway-based energy provider Equinor New Energy Ltd.

The companies will form a working group to jointly develop a low energy method for the recycling of end-of-life magnets at Pensana's rare earth hub in Saltend Chemical Park in Hull, England.

They will share technical and commercial information for the development.

Current stock price: 85.60 pence

12-month change: down 16%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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