NTU 0.00% 3.3¢ northern minerals limited

Demand for Dysprosium increasing

  1. 3,237 Posts.
    The motors for electric cars will drive demand for Dysprosium ...... not just in China but throughout the world
    _____________________________________________________________________________________________

    President Xi Jinping said on May 24 that the new-energy vehicle sector should be given more importance in the future during a visit to Shanghai-based automaker SAIC Motor.

    This taken from a news story posted in the last 24 hours (link below)

    "China plans to produce 10 percent more rare-earth metals in 2014 than that in the previous year"

    ..... five government agencies including the National Government Office Administration and the National Development and Reform Commission announced that new-energy vehicles must account for no less than 30 percent of all cars purchased by central government agencies and some city governments each year from 2014 to 2016

    "One type of rare-earth metal is used as material to make motors for electric cars," Wu said. "A growth in electric car consumption will augment the rare-earth market." [especially for Dysprosium]

    http://www.ecns.cn/business/2014/07-25/126176.shtml



    http://ucore.com/rare-earths/dysprosium

    __________________________________________________________________

    Despite the nay-sayers - the future prospects for Dysprosium and of Northern Minerals still looks promising as demand for this critical element continues to increase
 
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