Mercuria CSR report 2022 - Flipbook - Page 53
On that note, how have customers responded to what REEtec has to offer?
We have already signed sales agreements for 80% of the planned output of NdPr from the first
manufacturing facility. We are particularly proud of our relationship with Schaeffler Group, a
leading automotive and industrial supplier. Building on REEtec’s ambition to provide a more
sustainable supply chain for NdPr and permanent magnets, Schaeffler aims to make electric
motors for a wide range of applications in electric vehicles even more sustainable.
In the words of Anders Schick, Chief Operating Officer of Schaeffler;
