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Hexa Research forecasts $10.96B global rare earth elements market by 2020

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will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. China, with more than 93% of the global production, was the largest producer of neodymium in 2012.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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We know a circular economy with renewable energy is the path, and we have positioned ourselves to be the alternative energy capital of the world. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.

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IISA study proposes using airships for efficient cargo or hydrogen transportation

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Reintroducing airships into the world’s transportation mix could contribute to lowering the transport sector’s carbon emissions and can play a role in establishing a sustainable hydrogen based economy, according to a new IIASA-led study. The transport sector is responsible for around 25% of global CO 2 emissions caused by humans.

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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

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The Coming Boom in Rare Earths

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Perhaps most importantly, though, they’re essential components of the permanent magnets used in the motors of most electric vehicles and many appliances, and also in the generators in most wind turbines. Department of State, is also a professor of practice at the Thunderbird School of Global Management at Arizona State University.

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