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source:QuartzThe global computer chips shortage that began worsening late last year has disrupted supply chains around the world, snarling production of everything from cars to phones to household appliances. And the rare earth industry is watching closely.Both chips and rare earths form critical supply chains that power the high-tech economy, and are the subject of intense scrutiny by governments looking to shore up supplies as a matter of national security. Rare earths are a group of 17 metals crucial to the manufacturing of high-tech products.At MP Materials, the operator of the only active...
Release time: 2021 - 06 - 08
source: cleantechnicaRecord-long times from order to delivery have become common. Wide-scale shortages of essential basic materials seem in the daily news. Suddenly, increased commodities pricing creates confusion. Transportation sector difficulties permeate across industries. Why? Roaring demand for goods have created backlogs due to weaknesses in supply chains, and manufacturers started drawing down on inventories last month to meet demand. Business warehouses seem almost bare.Record-long times from order to delivery have become common. Wide-scale shortages of essential basic materials seem ...
Release time: 2021 - 06 - 07
source: small capsEmerging rare earth players will propel Australia’s rankingWe may have only 4% of the world’s REE resources but, as previously stated, we are already the world’s fourth largest producer thanks to Lynas Rare Earths (ASX: LYC), which has plans to process dysprosium and terbium at a new plant in Texas.But the rankings are deceptive: Australia is the world’s largest producer independent of China.This is because number two producer (the US) and number three (Myanmar) send their output to China for processing (and value-adding), which explains why China has 57% of the world’s REE i...
Release time: 2021 - 06 - 07
source: Manufactures's MonthlyA new report from the Department of Industry, Science, Energy and Resources has indicated an opportunity for Australia to help meet a growing global demand for critical minerals and crucial rare earths elements, used in modern technologies. The Outlook for Selected Critical Minerals Australia 2021 report anticipated growing demand for these minerals up to 2030, with opportunities for Australian production and investment in downstream value-adding processes. This report, from the office of the chief economist in the Department of Industry, Science, En...
Release time: 2021 - 06 - 04
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