Rare earth magnet recycling is likely to become much more important in the future, according to William Dawes, CEO of Canadian company Mkango Resources.
The share of renewable energies in Germany fell over the course of the year. The decline mainly affected wind energy.
Rising prices affect demand for rare earth magnets. Germany is the main importer, Shanghai Metals Market reports. The permanent magnets are needed for numerous applications.
The breakthrough of hydrogen technology is only possible with international cooperation. The Ambassadors' Energy Talk, hosted by BDEW and the World Energy Council, will focus on strategies for building an international hydrogen economy.
Energy problems in China lead to curtailment of metal production. European industry warns of shortages and production stoppages.
The prices for neodymium and praseodymium (NdPr) have almost doubled in the course of the year. As a result, NdPr magnets, which are needed for electric cars and wind turbines, are likely to become correspondingly more expensive.