My favorite part of this news story: "The contract with Shin-Etsu and Molycorp is an important step for us in sourcing magnet materials for our direct drive wind turbines," said Morten Rasmussen, Head of Technology at Siemens Wind Power and Renewables Division. "We strive for diversification in the sourcing of these components to improve independency from specific markets."
I think we all know who Siemens is talking about when speaking of independency from specific markets.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.