The Rare Earth Challenge - how companies react and what they expect for the future
The rapid increase in prices for rare earths has proven a burden to the profitability of many companies, and even threatened the existence of some.
The price spiral of the 17 rare earth elements has slowly been losing momentum. But prices remain high – a problem mainly for high-tech companies. High prices are a problem particularly for suppliers of magnets for e-mobility and wind turbines, LED lamp makers and providers of batteries and catalytic converters for cars. But half of these enterprises have already set up task forces dedicated to designing strategies to secure the supply of these raw materials.
According to the results of this study, most of the companies surveyed consider it most important to achieve a balanced strategy mix.