Toyota Motor , the world’s top seller of hybrid cars, a prime market for rare earths metals, is exploring ways to build hybrid and electric vehicles in the future without rare earths due to lingering concerns about supply disruptions, according to Bloomberg. The news may be having a negative impact on the high-flying rare earths sector today as the Rare Earths Stocks Index is down 4.1%.
China, the world’s dominant supplier of rare earths with control of more than 90% of the market, has recently slashed export quotas for the second time in less than a year, driving the price of the metals higher.
China, the world’s dominant supplier of rare earths with control of more than 90% of the market, has recently slashed export quotas for the second time in less than a year, driving the price of the metals higher.
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