Rare earths are important for many of today’s technologies and tomorrow’s carbon-free economy.
Investors may not be very familiar with the metals individually, but the group of elements is found in technology all around us, commonly in the form of rare earth magnets, which are used in everything from electric vehicles to smartphones to wind turbines. As technology continues to advance, they are expected to remain in high demand.
“Rare earth-based magnets offer the simplest approach to powerful and compact electric motors, so continued sales of electric vehicles should bring growing demand for these materials,” Jon Hykawy, president and director of Stormcrow Capital, told the Investing News Network in an interview.
Another long-term story in the rare earth element (REE) market is China’s dominance of the overall industry. With geopolitics at the forefront, countries are focusing more and more on attaining domestic sources of…
