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$7.67 lynas rare earths limited

There are 60m cars produced per year. If each one has 2kg of Nd...

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jantimot

30,924 Posts.

174

22/07/15

20:29

Post #: 15677377
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Originally posted by Pennie ↑

Supply and pricing may come into play at limiting the use of rare earths, but they are still the best technical solution for green energy vehicles, as Amanda and others in the industry have said. Do some research into the most important limiting factor for the use of Nimh batteries in these vehicles over the last couple of decades and you'll find that it was not the rare earth crisis which really only lasted a couple of years. China started imposing restrictions on supply to ROW in recent years, due to environmental concerns, but also because they need rare earths for their own projected use. All this quite recent, I wonder why? Toyota has never fully taken up Li-ion, and ditched Tesla in late 2014. Why? Do the research. I think you'll find there is a good reason backing Amanda's claim that rare earths are the best solution. I will post later on this.

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There are 60m cars produced per year.

If each one has 2kg of Nd in it's power motor alone (to give around 110kW), that's 120,000t Nd needed per year. Lynas is producing almost 300t per month, 3,500tpa.

End of discussion.

LYC Price at posting: 3.8¢ Sentiment: Sell Disclosure: Not Held
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