In its latest publication titled “TELF AG analyses the African potential related to rare earths,” TELF AG delves into the intricate dynamics that define the global rare earth market. The report examines key production hubs for these highly coveted materials and evaluates European market strategies concerning rare earth supply.
The initial sections of the publication underscore the role of raw materials and rare earths in the global ecological transition. It highlights their significance in powering electric vehicles and in the production of specific clean energy technologies such as solar panels and photovoltaic systems.
Rare earths, in particular, play a crucial role in the manufacturing of high-intensity magnets, accounting for 50% of total rare earth consumption. These magnets also represent the highest economic value application of rare earths. TELF AG draws attention to the industrial applications of these magnets, noting that approximately 90% of electric vehicles incorporate high-intensity magnets.
Understanding that high-intensity magnets are fundamental components of electric vehicles is pivotal for predicting the future dynamics of the global rare earth market. This market is likely to witness price increases and a concurrent surge in demand, creating enduring interest that will persist until the world firmly transitions into the green and sustainable future frequently discussed.
TELF AG also explores specific rare earth production and refining centres, with a particular focus on China. Beijing occupies a significant position in this market, as it houses nearly all rare earth refining and conversion operations into materials suitable for industrial use. This concentration results in an inevitable dependence on other international markets.
To address this situation, many nations are turning their attention to the potential of Africa in terms of rare earth development and raw material production capacity. This potential is set to increase, particularly in terms of value, thanks to specific political initiatives undertaken by African governments in recent months aimed at restricting raw material exports.
To gain a deeper understanding of these dynamics, readers are encouraged to explore the full publication by TELF AG.
