Language
Ucore Announces a US$4 Million Award from the US Department of Defense

News

HomeHome / News / Ucore Announces a US$4 Million Award from the US Department of Defense
search
RECENT NEWS

Jun 13, 2023

Recovering heat, capturing carbon and switching fuels: UK industry awarded funds to engineer out emissions

Jul 17, 2023

AgSCN as a new hole transporting material for inverted perovskite solar cells

Sep 05, 2023

T3 AireLuxe Professional Hair Dryer Review

Sep 10, 2023

Dyson Supersonic Hair Dryer Review 2022

Sep 25, 2023

Distillation Improvement Opportunities Part 2: Improvements Through the Use of Dividing Wall Columns

SEND YOUR INQUIRY
SUBMIT

Apr 18, 2023

Ucore Announces a US$4 Million Award from the US Department of Defense

Rare earths are essential in a wide variety of today’s technologies, from

Rare earths are essential in a wide variety of today's technologies, from smartphone cameras to defense systems.

The group of critical metals, which includes neodymium and praseodymium, has also seen increasing demand from the electric vehicle industry. "The simplest engineering solution for a drive train on an electric vehicle is to use a permanent magnet synchronous motor, and those permanent magnets are made of rare earth elements (REEs)," Jon Hykawy of Stormcrow Capital explained to the Investing News Network.

The global rare earths metals market is expected to grow at a compound annual growth rate of 12.3 percent to reach US$9.6 billion by 2026.

Rare earths are essential in a wide variety of today's technologies, from smartphone cameras to defense systems.