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Jul 22, 2021 LONDON – As tensions mount between China and the United States, automakers are trying to reduce their reliance on a key driver of the electric vehicle revolution — permanent magnets, sometimes smaller than a pack of cards, that power electric engines. Most are made of rare earth metals from China. The metals in the magnets are actually abundant but can be dirty and difficult to produce. China has grown to dominate production, and with demand for the magnets on the rise for all forms of renewable energy, analysts say a genuine shortage may lie ahead. Some auto firms h...

By Syndicated Content By Eric Onstad LONDON (Reuters) – As tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution – permanent magnets, sometimes smaller than a pack of cards, that power electric engines. Most are made of rare earth metals from China. The metals in the magnets are actually abundant, but can be dirty and difficult to produce. China has grown to dominate production, and with demand for the magnets on the rise for all forms of renewable energy, analysts say a...

INSIGHT-China frictions steer electric automakers away from rare earth magnets Reuters 15 hrs ago LONDON, July 19 (Reuters) - As tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution - permanent magnets, sometimes smaller than a pack of cards, that power electric engines. Most are made of rare earth metals from China. The metals in the magnets are actually abundant, but can be dirty and difficult to produce. China has grown to dominate production, and with demand for the magnets on th...

Article content Demand for critical metals has spiked in recent years, as metals used in permanent magnets like dysprosium and terbium have become crucial to the modern economy Namibia Critical Metals controls a diversified portfolio of metals projects in Namibia, including Lofdal, a JV-funded rare earths project rich in dysprosium and terbium The company just posted a huge increase in Lofdal’s resources, giving them a flagship project to anchor their other metals projects, which include gold The key metals Namibia Critical Metals (TSXV: NMI | OTCQ: NMREF | Frankfurt: 7NR) focuses on harke...

Samsung SDI, one of the largest lithium-ion EV battery suppliers, reports that its large-sized battery sales decreased due seasonality in Q1 2021.