Wind Energy to Dig Deep for Key Metals

Source:

"Gareth Hatch, co-founder of Technology Metals Research, warns wind turbine companies of ever-escalating neodymium prices, recommending the industry increase involvement in the mining sector."

Recharge, Ben Backwell

Wind turbine companies relying on direct-drive models need to get more involved in the rare-earth metals industry if they want to manage price spikes and the scarcity of permanent magnets used in generators, says Gareth Hatch, co-founder of specialist analyst Technology Metals Research.

Hatch says the price of neodymium, the key rare metal used in producing the magnets, has gone up by a factor of ten over the past 12 months, while the magnets have risen from about $40-$50 per kg to $250-300. . .View full article

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