This NEW Rare-Earth Strategy Just SHOCKED The EV Industry!
Rare earth materials play a crucial role in the production of motors. Similar to the strategic materials used in batteries, rare earth materials often come from distant countries with challenging environmental and political situations. One of the key challenges associated with rare earth materials is their geographic concentration. The majority of these materials are currently mined and processed in China, which has led to concerns about supply chain vulnerabilities. This is why the United States and many Western nations are actively seeking alternatives. And now, one particular company, MP materials, has made an announcement that is sure to give companies in the United States hope. So, what has MP Materials announced? And what does this mean for the EV industry in the US?
#RareEarth #ElectricMotor #EV #ElectricVehicle #EVNews
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This also explains why recycling the products manufactured with these types of materials so that they can be used over and over again. Not just adding them to garbage dumps, but making sure when your speakers no longer work or you wanna upgrade, that they are given to recycling centers. 😊
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Make oil 🛢 station have electric point for ev ones.