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Stock impact report

What Are 'Rare Earths' For? [Barron's]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: Barrons
As the EU unveils a plan on Wednesday for boosting European production of critical raw materials to reduce reliance on China, here are some facts about these 17 elements and their key uses: Advertisement - Scroll to Continue Global raw production of rare earths increased from 220,000 tonnes in 2019 to 390,000 tonnes in 2024 -- an increase of 77 percent over five years, according to a benchmark commodities report by French research group Cercle CyclOpe. Four elements account for most of the sector's economic value: neodymium, praseodymium, dysprosium and terbium. These four "magnetic" rare earths are mainly used to make magnets, notably neodymium-iron-boron magnets -- about 10 times more powerful than conventional ones. Use of the rare elements maximises magnets' performance while reducing size and weight, said Damien Ambroise, energy manager at French consultancy Bartle. Advertisement - Scroll to Continue A single offshore wind turbine contains up to one tonne of such m Show less Read more
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