The 20th century was the century of oil. Although the “black gold” still remains extremely critical, the 21st century is estimated to be the century of “green” energy. “Black gold” is gradually handing over the baton to the once “rare earths”, as they were called. These are the metals that are the key elements for the development of modern technologies and the reduction of carbon emissions. For example neodymium is used in the magnets of wind turbines, electric vehicles and other technologies vital to the green transition. Another typical example is “white gold”. The until recently “humble” lithium has evolved into one of the most valuable metals in the modern world, as it is essential for the manufacture of electric vehicle batteries and more. The global “rare earth” market is expected to reach $9 billion in 2023, but is projected to more than double in 10 years to $21 billion, according to Project Blue, a critical metals consultancy. China’s Hegemony Once upon a time […]
Source: News Beast
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