Looming rare earth metals “supply crisis”.

Posted by Metal Powder

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High-performance magnet producers in the US are calling on the government to unite federal agencies in tackling a perceived looming rare earth metals “supply crisis”.

This follows the decision by Arnold Magnetics to sell one of its Chinese businesses to invest in rare earth production in a venture with Chevron oil offshoot, Molycorp Minerals, in the US. Arnold also plans to increase magnet production in Europe (Metal Powder Report, February 2010).

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