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BMW.DE Partners with Yamaha Motor to Back US Rare Earths Startup Phoenix Tailings

January 02, 2025
Bayerische Motoren Werke Aktiengesellschaft (BMW.DE) has announced a strategic partnership with Yamaha Motor to support Phoenix Tailings, a US rare earths startup. The partnership aims to secure a long-term supply of rare earth minerals, which are crucial for the production of electric vehicles. Rare earths are used in the production of batteries, motors, and other components of electric vehicles, making them a critical resource for the automotive industry. By investing in Phoenix Tailings, BMW and Yamaha Motor are taking steps to ensure a stable supply of these minerals and contribute to the development of sustainable transportation. Experts from Stocks Prognosis recommend considering the potential impact of this partnership on BMW.DE's stock movement.
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