Rare Earth Investing News spoke to Ford's Chuck Gray about the company's new strategy to cut costs and reduce its use of rare earth elements, as it replaces nickel-metal-hydride batteries with lithium-ion alternatives. One silver lining for miners is the need for more lithium in auto manufacturing.
In light of China's limitation on rare earth exports, companies such as Toyota are doing everything within their power to decrease their reliance on rare earth elements.
The time has come for other participants, besides China, to re-enter the REE sector. Several European and US producers need to get back into REE production.
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