ReutersReuters

Canada's Neo gains on MoU with Bosch

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** Shares of Canadian rare earth company Neo Performance Materials NEO up 2.73% at C$17.3

** NEO signs multi-year Memorandum of Understanding with Robert Bosch GmbH (Bosch)for high-performance magnets

** The deal solidifies Neo's role as a strategic supplier-of-choice for magnets to automotive applications and beyond, the co says

** Neo will reserve significant annual magnet production capacity for Bosch

** Including session's move, stock up 116.5% YTD

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