You may be aware that demand for the lightweight material lithium is expected to surge over the next decade, as lithium-ion batteries are produced in mass to power hybrid and all-electric vehicles.
But the demand for other relatively rare materials are also expected to spike, according to a Reuters report.
Neodymium is a rare earth used in the production of electric motors. Terbium and dysprosium are needed to preserve the magnetic properties of neodymium at high temperatures. And lanthanum, like lithium, is used in advanced battery chemistry.
China is the world’s largest producer of rare earths, and the country could limit exports, as demand is expected to significantly outstrip supply, if new sources are not developed in the near future.
Read the full report at the link below.
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