The Likely Price Fall for Electric Vehicles Means a Surge in REE Consumption

The Wall St. Sector Selector reported that a likely slide in prices for electric vehicles will represent a surge in demand for rare earth elements.

As quoted in the market report:

You need REEs to make the permanent magnets that go into the electric drive motors, so they have a key role. In 10 years, we’ll look back and recognize that this is the beginning of the end of a world dependent upon petrol-based transportation.

To view the whole market report, click here.