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IT
A global race for rare earth minerals underpins the green transition
['Jan.']
Eco-Business
Everything from wind turbines to electric vehicle manufacturing requires elements such as neodymium, dysprosium, and others, collectively known as rare earth elements (REEs).
The meeting focused on reducing reliance on China for rare earth minerals.
This move is part of broader efforts to reduce dependence on China for critical minerals, including rare earths.
Other developments also highlight the emerging geopolitical effort to control the rare earth supply chain.
The second prong focuses on recycling existing electronics to recover their rare earth elements.