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The race for rare earth minerals: can Australia fuel the electric vehicle revolution? Royce Kurmelovs © Provided by The Guardian Photograph: Lynas Corporation/AFP/Getty Images There are an estimated 1.4bn cars on the world’s roads today. Around 78m new cars are sold every year. To head off the worst effects of climate change, every single one will need to go electric eventually. Whether it rolls off a production line in Fremont, California, or comes together in a vast megafactory in Qinghai, China, a colossal amount of human effort must go into building the components and...

Share this article Share this article ResearchAndMarkets.com's offering. Rare earth elements (REE) are a group of 15-17 elements comprising the lanthanides (atomic numbers 57-71) plus yttrium and scandium. Rare earths have a number of specific optical, magnetic and catalytic properties which drive demand across a wide range of applications. However, by volume, permanent magnets and catalysts account for more than half of global demand. The weighting towards permanent magnets is even higher when looked at on a value perspective, with some estimates that the application accounted for over 90% ...

Although it’s home to producer Lynas, the land down under only accounts for some 3 percent of the world’s rare earth reserves. Rare earths are elements vital to the modern technology age. The 17 elements grouped as rare earths are found in batteries, magnets, lasers, fibre optics, battle tanks, satellites, guided missiles and wind turbines — and that’s just to name a handful of applications. By Australia’s own account, the land down under only accounts for some 3 percent of the world’s rare earth reserves — well behind China, the global superpower of the rare earths supply chain...

© Thomas Peter-Pool/Getty Images What’s happened? Fears are growing that China’s current high-level review of its rare-earths policy could presage export restrictions that will wreck the supply chains for strategically crucial sectors including electric vehicles and renewable energy. China currently produces about 70% of rare-earth elements globally, and has used its dominance in the past as geopolitical and economic leverage. Citing anonymous sources close to China’s review, Bloomberg reports that Beijing could ban the export of rare-earths refining technology to countries or compani...

Mar 7, 2021 There was a time when China could cause the world to tremble by threatening its supply of rare earths. It’s long in the past. That’s reason not to worry too much about news that Beijing is planning to ban exports of technology for refining the suite of minor metals. Such a move, if taken, is likely to backfire even more spectacularly than its previous attempts to weaponize the trade in rare earths itself. In 2010, a dispute between China and Japan over which country owns a group of islands off the northeast coast of Taiwan caused Beijing to impose export restrictions ...