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Analysis: Tesla's electric motor shift to spur demand for rare earth neodymium

Reuters  |  LONDON 

By Pratima DesaiLONDON (Reuters) - Tesla's shift to a magnetic motor using neodymium in its Model 3 Long Range car adds to pressure on already strained supplies of a rare earth metal that had for years been shunned because of an export ban by top producer China.Efforts by governments around the world to cut noxious emissions produced by fossil fuel-powered cars is driving demand for electric vehicles and the metals used to make them, such as lithium and cobalt which are key ingredients for batteries.Now the spotlight is on neodymium. Several auto makers already use permanent magnet motors ...

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First Published: Tue, March 13 2018. 10:39 IST