U.S. gives rare earths reprieve in revised $200 billion China tariff listSource:BUSINESS NEWSBEIJING (Reuters) - The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200 billion of Chinese goods, underscoring its reliance on China for the strategic minerals.China is the world’s largest producer of rare earths and the biggest supplier to the United States, according the U.S. Geological Survey.Rare earth elements and minor metals have broad applications in U.S. industry, ranging from jet engines to mobi...
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Source:Investing News NetworkMarket demand for rare earth metals is seeing a huge boost.By most accounts, the green technology revolution is imminent and will be massive. We’re already seeing the early days of a shift away from fossil fuels and towards renewables with the rise of electric and hybrid vehicles and wind turbines increasingly popping up across the landscape. While still relatively novel sights in North America, these technologies are poised to take over quickly.At the center of this revolution are the raw materials needed to make these technologies function and this means incredib...
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Source:Chronicle IndiaIn the recently published “National Defense Authorization Act for Fiscal Year 2019”, the US government per 10 U.S.C 2533C banned the use of rare-earth permanent magnets, e.g. NdFeB and SmCo as well as and tungsten originating in China, North Korea, Russia, and Iran in products for national defense purposes.Rare-earth permanent magnets, mainly on the basis of neodymium-iron-boron (NdFeB) are being used in high performance motors and generators of all kinds as well as in numerous automotive applications, often to replace mechanical or hydraulic systems. Military application...
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Source:Georgia Institute of TechnologyRare earth elements — elements like scandium, neodymium, and dysprosium — have found their way into every aspect of our daily lives, from the highly visible, like smartphones and fluorescent lamps, to the seemingly invisible: hybrid cars, rechargeable batteries, and wind turbines. There are even cancer treatments requiring rare earth elements.Contrary to their name, however, rare earth metals are not actually rare. Or at least, not exactly. On average, they’re about as common as copper or nickel in the Earth’s crust. But unlike copper or nickel, rare earth...
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