In 1886, chemist Paul-Emile Lecoq de Boisbaudran discovered dysprosium, an element vital for modern technology, particularly in renewable energy solutions like wind turbines and electric vehicles. Recently, China announced export controls on several rare earths, highlighting the world’s heavy reliance on Chinese supplies for critical minerals essential for the energy transition. These minerals, particularly lithium, cobalt, and nickel, are key components in batteries. As China dominates the mining and refining sectors of these resources, the move raises concerns about national security and emphasizes the need for diversification in supply chains.
In 1886, French chemist Paul-Emile Lecoq de Boisbaudran discovered dysprosium, a crucial element for magnets in wind turbines and electric vehicles, highlighting its importance in combatting global warming.
China's recent export controls on rare earth elements expose global dependence on Chinese raw materials for the energy transition, particularly for wind turbines and electric vehicles.
The announcement about the export ban brings to light the critical role of rare earths and minerals supplied by China, as the U.S. relies on them for national security.
China not only mines but also refines a significant portion of critical minerals like lithium, cobalt, and nickel, essential for batteries used in renewable energy technologies.
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