By Reuters Staff
4 Min Read
(Reuters) - Miners are seeking to take advantage of a jump in the prices of many rare earth elements, needed for permanent magnets used in low-carbon technologies as well as myriad other applications such as weapons systems.
Aerial view of the Kringlerne rare earth deposit, where the project is lead by Australian mining company Tanbreez, near the town of Narsaq in southern Greenland, in this undated 2015 handout photo. Tanbreez CEO Greg Barnes/Handout via REUTERS
The rally has been driven by surging demand for electric vehicles as well as concerns that Beijing may restrict sales.
Factbox: Miners gear up global rare earth projects as prices surge
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Factbox: Miners gear up global rare earth projects as prices surge
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.