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.
After the increase in the production quota, the amount of exported raw materials is now also rising.
MP Materials, the largest producer of rare earths in the western hemisphere, can benefit from the upturn in demand. The establishment of an independent value chain for the strategic raw materials remains a central task.