China Wants to Expand Raw Materials Production
The National Development and Reform Commission (NDRC) has announced plans to expand the mining and development of strategic mineral resources.
The National Development and Reform Commission (NDRC) has announced plans to expand the mining and development of strategic mineral resources.
Rare earth prices in China rose to a ten-year high on Thursday. The background for the price development is the increasing demand with simultaneously lower availability of the raw materials.
Only zero-emission vehicles are to be registered by 2040. Germany does not want to sign the declaration.
Environmentally-harmful emissions in industry and transport are to be reduced though the use of hydrogen. However, it is unlikely that Germany’s production capacity for this beacon of hope will be up to the task. Better prospects are offered by Africa.
The ban also affects the planned mining of rare earths at the Kvanefjeld mine.
Neodymium magnets are familiar from wind turbines, electric cars and headphones, among other things, but there are also applications in medicine.