The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy.
Daily reminder. Monocrystalline PV, LFP or sodium batteries, and the dominant onshore wind generator types involve 0 rare earths. Offshore wind doesn’t technically need them but they are used in most installations for now.
EVs can be made without permanent magnets if you don’t insist on every soccer mother car out-accelerating an early 2000s ferrari and don’t insist on perfectly silent motors (rather than merely much quieter than ICEs). EVs are also not the only form of non-fossil fuel transport.
Ban them, put a price on carbon and the green transition will happen faster. It’s not a necessary component.
Daily reminder. Monocrystalline PV, LFP or sodium batteries, and the dominant onshore wind generator types involve 0 rare earths. Offshore wind doesn’t technically need them but they are used in most installations for now.
EVs can be made without permanent magnets if you don’t insist on every soccer mother car out-accelerating an early 2000s ferrari and don’t insist on perfectly silent motors (rather than merely much quieter than ICEs). EVs are also not the only form of non-fossil fuel transport.
Ban them, put a price on carbon and the green transition will happen faster. It’s not a necessary component.