Rare Earths 2014: Supply security biggest priority for automakers
Published: Friday, 14 November 2014
While the automotive industry can reportedly accommodate higher prices for rare earths, it cannot tolerate supply insecurity. Market participants stress that new non-Chinese supply sources can help improve market visibility, even at the expense of oversupply and weaker prices.
Security of raw materials supply is the
number one priority for automobile manufacturers and this
anxiety is particularly acute when it comes to rare earths,
delegates at the 10th
International Rare Earths Conference in Singapore heard
In a presentation discussing rare earths consumption in the
Japanese auto industry, Sumio...