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  • Ford (F) says it’s cutting consumption of rare earths used in its hybrid and electric cars by 500K lbs./year and will save hundreds of dollars per car in the process. But shares of rare-earth leader Molycorp (MCP +5.6%) shoot higher anyway, adding to gains a day after China announced a 40% cut in the number of permits to mine rare earths. REE +5.7%, AVL +4.5%[View news story]
    Wrong... get it straight. Move from nickel metal hydride reduces usage of rare earth materials, plus the Li ion is more efficient, lighter, more powerful. PLUS using less rare early in the magnets in the motors. Resulting in a less expensive car, which happens to get 47mpg... best in class... better than prius. Relying on rare earth while the world is running out of supply, and china not sharing with rest of the world would be shooting yourself in the foot. Seems to me the japanese are now playing catch-up to Ford.
    Sep 14 01:13 PM | Likes Like |Link to Comment
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