From offshore wind turbines to latest smartphones, rare earths are embedded in our clean energy, in our smart tech and in fact in almost all aspects of our lives.
Rare earths are essential to our non - fossil fuel, “smart” and climate-friendly future. They are found in batteries, magnets, electric cars and high tech devices.
An era associated with urbanization, climate change, automation, competition for resources, digitization, cleaner energy, connectivity.
An era accompanied by a wave of innovative new products, new technologies, efficient energy and material use to meet evolving consumer needs. Products and technologies that are portable, smart, digital, connected and, most importantly, “green”.
The wave of innovation is supported by increasingly specialized inputs which depend on ‘minor’ or specialty metals to make existing technologies more efficient and enable the development of new technologies. Rare earths are specialty metals and critical technology enablers.
Rare earths are central to clean energy production and are a leading driver for the growth of a number of emerging clean energy technologies contributing to reducing greenhouse gas emissions and dependence on fossil fuels.
Rare earths make the world’s strongest permanent magnets which are key to low-maintenance wind power, hybrid and electric vehicles, along with a vast array of electronic devices. Rare earth’s are used as phosphors in flat screen display panels and smart phones. They are also used in rechargeable batteries.
Rare earths are therefore a cornerstone of global government macro-initiatives aimed at improving energy efficiency, increasing renewable power generation capacity, and reducing greenhouse gas emissions. Government led initiatives will fuel over half of demand growth to 2025, providing a very strong macro outlook for rare earth demand.