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The article discusses rare earth metals, which are a group of 17 elements crucial for many technologies.
Types of rare earth metals: There are two main categories: light and heavy, classified by atomic weight. Scandium is an exception. Light rare earths: These are more common and include neodymium, used in magnets and electric vehicles, and praseodymium, used in alloys and lighting. Heavy rare earths: These are less common and more valuable, including dysprosium, essential for clean energy tech, and terbium, used in data storage. China's dominance: China is the world's largest producer of rare earth metals, making it difficult for others to compete. Production quotas: China limits its production to control prices, although quotas have increased in recent years. US production: The US lags far behind China in rare earth production, with only one major mine. Read: https://investingnews.com/daily/reso...eavy-vs-light/
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. |
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