New ways are needed to diversify Europe's supply of raw materials. Permanent magnets for electric vehicles and wind turbines could come from Estonia in the future.
The German Federal Ministry of Economics and Technology has presented an analysis of the development of electricity consumption up to 2030. In it, the increasing number of electric vehicles becomes the driving factor.
In Duisburg, ways are being sought to make the steel industry more environmentally friendly. Hydrogen is to replace coal in the future.
A patented process enables the extraction of rare earths from electronic products. The newly founded HyProMag GmbH will market the process in Germany.
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.