Previous close | 32.24 |
Open | 32.32 |
Bid | 31.91 x 16000 |
Ask | 33.38 x 16000 |
Day's range | 32.32 - 32.94 |
52-week range | 18.50 - 35.45 |
Volume | |
Avg. volume | 268 |
Market cap | 3.53B |
Beta (5Y monthly) | 0.91 |
PE ratio (TTM) | 27.92 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.62 (5.02%) |
Ex-dividend date | 03 Jun 2024 |
1y target est | N/A |
LONDON (Reuters) -Four decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay is racing to return the plant at La Rochelle to its former glory after years of diminished output as Europe seeks to boost production of the minerals fuelling the green energy transition. The factory's 76-year history is a microcosm of the challenges Europe and the United States face as they seek to reverse massive migration of rare earth processing to China that took place around 25 years ago.
In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. Below are some key companies working on rare earths, with production figures in metric tons per year. Neodymium and praseodymium (referred to in the industry by their joint elemental abbreviation, NdPr) are key rare earths needed to make permanent magnets.
As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Solvay SA's dividend performance and assess its sustainability. What Does Solvay SA Do?