Importance of Rare Earth Elements (REEs) soars as Demand Increases
- NetworkNewsWire Editorial Coverage
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NEW YORK, March 16, 2021 /PRNewswire/ Indispensable for production of cell phones, wind turbines and electric vehicles, rare earth elements (REEs) have rocketed in importance as demand for electronics and EVs continue to surge. In addition, rare earths play an essential role in national security and commercial applications. For cell phones to vibrate or EV motors to provide power, they need powerful magnets, and REEs are critical to the manufacture of these powerful permanent magnets. However, serious supply chain concerns have arisen with REEs, because China has a stranglehold on global supply. This is of particular concern due to the need for REEs by the military. The typical F-35 fighter contains nearly 1,000 pounds of rare earths. The United States used to be a large producer of REEs, but Chinese REE producers gradually drove U.S. min
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In the deal mentioned above, the company will provide marketing services for a large range of gas stations that span mainland China. This includes offering services for each individual gas station to offer personalized marketing services, gas related products, and personalized landmarks.
This may sound complicated, but it is simply a large conglomeration of services that the company offers. Because it is so broad, some investors believe that Luokung Technology could stay competitive. With the half-day before the long weekend, will LKCO be on the list of penny stocks to buy or avoid right now?
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