From the Elysee interview:
"Any other significant investments?
Elysee increased its ownership in IBC Advanced Alloys (IB.V) by participating in the recent private placement. The company is experiencing a turnaround as we speak. As reported by the company, sales in both the copper alloys and beryllium alloys divisions are increasing. At the same time the recent investments in more efficient furnaces and other equipment increases the capacity and should lead to significantly higher margins starting this year.
We notice an increased interest in the ‘specialty metals’ space, as for instance the Department of Defense has also announced it’s considering to start a strategic stockpile of Scandium. Whilst Beryllium and Scandium perhaps aren’t the most obvious commodities from an investor’s point of view, it sure looks like there’s a lot going on in the background as for instance Niocorp Development (NB.TO) has entered into a joint venture agreement with IBC Alloys to investigate and develop applications for new alloys using Scandium. This could be important for both companies as IBC would be a front-runner using these new alloys whilst NioCorp could see the demand for Scandium increase when new applications are being developed."
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