Importance of Rare Earth Elements (REEs) soars as Demand Increases

NEW YORK, March 16, 2021 /PRNewswire/ — Indispensable for production of cell phones, wind turbines and electric vehicles, rare earth elements (REEs) have rocketed in importance as demand for electronics and EVs continue to surge. In addition, rare earths play an essential role in national security and commercial applications. For cell phones to vibrate or EV motors to provide power, they need powerful magnets, and REEs are critical to the manufacture of these powerful permanent magnets. 


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