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Rare earth metal substitutes

Rare earth metals are a group of 17 elements that are economically difficult to extract due to low concentrations in nature. Because of supply limitations, dependence on rare earth metals is a form of linear risk and should be addressed in company planning and projections. The 17 metals in the group include:

Scandium

Promethium

Holmium

Yttrium

Samarium

Erbium

Lanthanum

Europium

Thulium

Cerium

Gadolinium

Ytterbium

Praseodymium

Terbium

Lutetium

Neodymium

Dysprosium

 

These metals are typically used in electronics and advanced technology components. Electric and hybrid vehicles (batteries), wind turbines and smart phones all require multiple rare earth elements. With growing demand for the products and services that these metals contribute to, concerns are growing about future supply and prices.

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