USES

The high value rare earth elements contained in Iluka’s mineral products, particularly neodymium and praseodymium, are used to create powerful permanent magnets.

Permanent magnets are essential in the construction of wind turbines and electric vehicles. The strong demand outlook for these applications, is expected to drive growing market demand for key rare earth oxides.

Rare earths are also necessary in the manufacture of catalytic converters for vehicle emission control of hybrid and petrol-fuelled cars, in modern rechargeable batteries, and as an alloying agent to create high-strength metals in aircraft engines.