BROWNS RANGE HEAVY RARE EARTHS - DRIVING THE EV EVOLUTION

摘要

With global electric vehicle uptake expected to reach 35 million units annually by 2030, the recent focus of the EV sector has been on the development of lithium battery technologies. However, just as important for carmakers in the race for extended range is the development of electric motors that are smaller and operate at higher temperatures. Dysprosium is a heavy rare earth element used in the permanent magnets inside electric motors. With dysprosium production concentrated in China and global demand already indicating a supply deficit, the rush is on to develop new sources of this critical element. Northern Minerals is in the process of commissioning the Browns Range heavy rare earth project in the East Kimberley region of WA, which will be the only significant supplier of dysprosium outside China.