Rare earth products
Rare earths are a critical component in the manufacture of clean energy and high-end technology solutions. As global demand increases for renewable energy technologies and the development of a sustainable future, so does the demand for rare earths.
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.