Toyota Developing Alternatives to Rare Earth Motors
Toyota is currently developing the RAV4 EV, a pure electric plug-in vehicle. This is the first step for Toyota to move away from rare earth based motors used in the Prius.
Toyota is currently developing the RAV4 EV, a pure electric plug-in vehicle. This is the first step for Toyota to move away from rare earth based motors used in the Prius.
Although Greenland has been known as a source of uranium for many years, recent developments for rare earth extraction could not be much timelier.
The stunning 72 percent reduction of rare earth export quotas and other changes to trade policy in July, 2010 shined a spotlight on the rare earth market. Prices for the various elements skyrocketed, and share prices of junior miners exploded. China has stated that export quotas are being determined once again, and the world anxiously waits.
As the natural and now nuclear disaster unfolds in Japan, the number one importer of Chinese rare earth, rare earth stocks have been taking a hit. However, as an impending nuclear meltdown may increase the willingness of governments to jettison nuclear projects and move toward alternative energy, this may be a time to get into rare earth as they are essential for renewable energy, wind turbines and hybrid/electric vehicles.
In the State of the Union address, a challenge to the US was issued by President Obama, generate 80 percent of electricity with renewable sources. This transformation of the world’s largest energy consumer is truly a monumental task and will take vast resources to achieve. In this two part series, we look at the investment potential of this challenge.
Businessweek.com reports Rare earth metals are key to global efforts to switch to cleaner energy.
Sify reports that big U.S. users of rare earth said the surge in price serves as an important wake-up call.
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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