MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation
Charged EVs
MARCH 11, 2024
Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. There’s much hand-wringing in the press these days about battery raw materials such as lithium, cobalt and nickel. Rare earths are used in nickel metal hydride batteries, but not really to a significant extent in lithium-ion batteries.
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