| The world is running against the clock. Currently, it's estimated that millions of cars will go electric over the next few years. According to NBC News, "The auto industry is shifting from internal combustion technology to emissions-free battery and hydrogen powertrains. Several traditional brands have also committed to a full transition, with Bentley recently laying out a target date of 2030 to switch entirely to battery-electric vehicles, or BEVs. Nissan this week said it will electrify all models by the 'early 2030s,' but that will include gas-electric hybrids as well as BEVs." All of those EVs must have rare earths, like neodymium and praseodymium, which make up 30% of the magnets. But there's a massive problem… One that could put the brakes on our green future. China, which controls the lion's share of rare earth is heightening its regulation of REE production to meet its own rising domestic demand. As you can imagine, it's creating a great number of problems, forcing countries, like the U.S. to secure local supply—and quick. Click here to learn more about this opening.
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