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Last week The Economist called attention to growing demand for rare earth minerals, their importance in clean energy technologies, and rising tension over their global supply. Two of these minerals – dysprosium and neodymium – are essential components of the magnets used in wind turbines and electric motors. According to The Economist, for these technologies to play the role expected of them in reducing CO2 emissions, world supply of neodymium and dysprosium would need to increase “more than 700% and 2,600% respectively during the next 25 years.” China, which produces around 90% of the world’s rare earth minerals, has recently… [more]View Discussion
[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.] We need to make energy decisions based on accurate data. In many areas we don’t have quality data. Since energy is so critical to the future of the U.S. and the world, it is worthy of a special quasi government body that will continually research the subject and provide more reliable data. The oil countries/companies are controlling the information flow on energy. Most energy think tanks in Washington are financed… [more]View Discussion