Rare earth elements: 17 metals to invest in
There are 17 metals, from the lanthanide family, and they are becoming vital in the manufacture of new technologies. They are known as rare earth elements. And because they are difficult to extract from nature, their value has been growing steadily. As such, they are likely to become the new investment trend. Agent 11Onze Sergi Colell sums it up.
According to the International Energy Agency, demand for rare earth elements is expected to increase by 7.3% by 2040. “Rare earth metals are not difficult to find in nature, but they are difficult to extract. When a deposit of one of these metals is found, the material is only present in 2% of the cluster. And therefore it costs a lot of money to extract it from the rock,” Colell says.
He explains that if these 17 metals are so important, it is because they are being used to manufacture new green economy technologies. “For example, neodymium is used in the construction of magnets for the electric cars that have recently come onto the market. Thulium is also used in wind turbines and photovoltaic panels. Or europium, which is essential for LED technology and the arms industry,” Colell says.
Most of these materials, 75% to be precise, are found in China, which also controls the supply chain. How has China ended up controlling these metals, which are so necessary for the development of the world as we know it? Just watch the video below and find out from agent Sergi Colell!
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