Urgent need to recycle rare metals
Rare earth metals are important components in green energy products such as wind turbines and eco-cars. But the scarcity of these metals is worrying the EU.
The demand for metals such as neodymium (Nd) and dysprosium (Dy) is increasing much faster than production. These metals are used in technologies such as the generators that store power in wind turbines, and the electric motors that propel electric and hybrid cars. But they are also used in everyday products like computers and mobile phones.
Forecasts show that as early as next year, these metals will be hard to come by.
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