source:Green Car CongressA new report from Adamas Intelligence, “Electric Growth: EVs, Motors and Motor Materials”, forecasts that global annual EV sales (excluding mild and micro hybrids) will increase from 4.3 million units last year to 12.5 million in 2025 and 32.0 million in 2030.With upwards of 80% of all EVs projected to use permanent magnet synchronous motors (PMSMs) in the years ahead, the rapid rise in EV sales will fuel a 350% increase in demand for rare earths used in EV traction motors between 2018 and 2025, and a further 127% increase in demand between 2025 and 2030, according to ...
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2019
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source:Reuters* Mining quota at 132,000 T, smelting and separation at 127,000 T* Annual quotas for 2019 are highest volumes ever allocated* Beijing had raised prospect of limiting supply in U.S. trade row* Quotas have been released unusually late in the year (Adds analyst and association official comment, milestone)By Tom DalyBEIJING, Nov 8 (Reuters) - China lifted its annual rare earth output quotas on Friday by 10% to record-high levels for 2019, potentially easing fears the world’s dominant producer of the group of 17 prized minerals will restrict supply.Beijing in late May raised the prosp...
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2019
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source:InvestorIntelNote from the Publisher: Rest of the World (ROW) is often utilized in rare earths discussion to the market, not including China.“Innovation Metals (IMC) is a private Canadian company. We have been working for some time now on the development of a proprietary separation and purification process that we call RapidSX?. We started working with rare earth elements and some other technology metals with that. It is an accelerated form of solvent extraction (SX) which is the primary process used in the industry for rare earth separation and combines the benefits of the chemistry of...
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2019
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source:Florida PoliticsNew research at Florida Polytechnic University could produce new sources of rare earth elements that aid in the production of high-tech goods like electric cars.The research comes from the Florida Industrial and Phosphate Research Institute (FIPR) within Florida Poly. The institute is partnering with the Critical Materials Corporation in Jacksonville.FIPR and CMC signed a three-year, $876,000 agreement to initiate the partnership on Nov. 1, 2019.“We are pleased at the opportunity to work closely with CMC and FIPR, which both have decades of practical experience and exten...
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2019
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