Technical Metals

New focus on rare earth elements

Summary: Electric cars are booming and wind farms are being vigorously expanded as part of the energy transition. Both of these technologies depend on magnets, and rare earths are indispensable for magnet production. However, the hype about these technology metals at the end of the last decade turned out to be unsustainable. Their prices plummeted and many projects have been cancelled. But now prices are rising again. The industry and the important players in the sector are well prepared. The following report presents current market figures and trends.

1 Introduction

Rare earths are again in the spotlight. The global boom in electric vehicles and renewable energies is fueling a growing demand for rare earths. This group of metals has special chemical properties, which are the essential prerequisite for modern technologies and especially for numerous high-tech products [1]. In the total of 17 rare earth elements (REE), two groups are distinguished according to their atomic number in the periodic table of the elements or according to their electron configuration. The light rare earth elements (LREE) include lanthanum, cerium, praseodymium,...

Related articles:

Issue 2022-07-08 Critical Resources

China – Changes in the resources policy?

1 Introduction In 2021, the resources sector accounted for a share of 27.4?% in China’s economic output. According to the 14th Five-Year Plan (2021 – 2025) of the People’s Republic of China, more...

Issue 2017-11

Rare earths: Cooperation between Fraunhofer and China

Rare earths are a key raw material for many high-tech products and are almost exclusively mined in China. The Fraunhofer-Gesellschaft institutes involved in the lighthouse project “Criticality of...

Issue 2011-09

“Change of direction”

Race against time for rare earths

1 Introduction Hardly any discussion currently carries so much emotion as that concerning the market supply situation with rare earth metals. The financial pages of will-known newspapers talk of an...

Issue 2012-07-08

Importance of Rare Earth elements rises, availability decreases

Due to their unique chemical and physical properties Rare Earth elements and their compounds nowadays can be found in a broad range of core components of hightech devices. A congress on September...

Issue 2013-12

New technologies for strategic elements

Rare Earth Elements in Latin America

Brazil According to data from the United States Geological Survey (USGS), Brazil is the country with the largest reserves of rare earth elements in the world, having approximately 3500 million tons...