IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising
Green Car Congress
NOVEMBER 4, 2020
In 2011, after China restricted its exports of rare-earths, the price of neodymium and dysprosium rose by approximately 750% and 2000% respectively. While these prices have settled, rare-earths also present environmental concerns. Processing 1 tonne of rare-earths can produce up to 2000 tonnes of toxic waste.
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