Tuesday, April 21, 2009

How's your neodymium supply?

I just read an article in The Atlantic about the rare-earth metal neodymium: "the pixie dust of green tech - necessary for the lightweight permanent magnets that make Prius motors zoom and for the generators that give wind turbines their electrical buzz." 

Apparently, our current dependency on Middle Eastern oil may be replaced by one on Chinese neodymium. Nearly all of the world supply of rare-earth oxides comes from China, which has a huge abundance of them and it's cheap to extract there (no environmental regulations, etc.) 

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