Rare Earth Metals Supply Crunch - Impact on Development of Permanent Magnet Generator Technology
China started imposing restrictions on the exports of rare earth metals at the beginning of 2010 and has put a cap on them. China announced a stricter cap of 7,976 metric tons in the second half of 2010, which was 72% less than the 28,417 metric tons cap in the second half of 2009. This move is expected to impact the development of PMGs. The prices of the rare earth metals affected have already sky-rocketed. It is expected that Chinese companies capitalizing on their domestic supply will get a greater share in the PMGs market. Furthermore, substitute products will gain a larger share and companies will explore options including partnerships and investment to secure supply of the metals.
Its scope includes -
- Featured Articles: Article relates to the impact of Export Restriction of Rare Earth Metal on the renewable energy market.
- Rare earth metal mines across the Globe
- Tells repercussions on latest Permanent Magnet Generator Technology used in Wind turbine.
- Points to alternative mines across the globe of rare earth metal.
Reasons to buy
This report provides indepth information on -
- Procurement options for rare earth metal in order to continue with PMG Technology and a brief on rare earth metal mines across the globe.