NOPMF - Neo Performance Materials Has 58% Upside And Exposure To Electric Vehicle Growth

Neo Performance Materials [TSX:NEO] (NOPMF) is a company active in the distribution and manufacture of products made from rare earth metals. Their primary business is Magnaquench which produces powders and compounds made of rare earth metals for the production of magnets, which are mostly used for various electric motors. They also have a chemical and oxides business that produces various products, including catalysts for engines. The company has its primary listing in Canada but reports in US dollars, so all figures in this report are in US currency unless otherwise noted. The stock

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