Alkane Resources hopes magnet boom will attract demand

Published: Friday, 18 August 2017

The fast-expanding electric vehicle market has lifted hopes for rare earth demand.

Electric car demand is helping to spur fresh interest in rare earths, as government targets suggest a rapid increase in demand for neodymium and praseodymium.

Rare earth permanent magnets (REPMs) are used in the high-performance electric motors, favoured in electric vehicles.

"Debate has raged for years over the relative merits...

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