Rare Earth Prices Pushing Adoption of Alternatives

Critical Strategic Metals reported that the drop in rare earth prices is partly due to manufacturers seeking alternative inputs.

As quoted in the market news:

The trend to try and replace rare earth metals is not surprising considering the fact that the cost of neodymium has increased by 10 times over the last two years. The cost of the rare earth dysprosium, also used during the manufacture of magnets for electric vehicles, has gone up nearly 20 times in the last one year.

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