Is the rare earths space an industry in decline, a bubble popped? Not so, says the head of global research and clean technologies analyst at Byron Capital Markets. Hykawy says establishing a supply outside of China could breathe new life into this exiled market.
China's tight grip on rare earth elements supply may loosen as other deposits around the world come to fruition in 2012 and the head of global research with investment bank Byron Capital Markets, discusses the supply and demand fundamentals.
Rare earths are an unsettling topic. Today, everyone tries to claim a concrete view on these materials since at least 2002. But unless you were a scientist or involved in making catalysts or magnets, you probably didn't know they existed until last year.
Just what are critical metals? They are sometimes referred to as "strategic" or "technology" metals, but clear definitions for these terms often prove elusive and routinely depend on to whom you're talking.
Heightened global demand for vanadium, especially from China, is prompting the global steel industry to aggressively seek out new supplies, especially in the US where this 21st century metal is becoming increasingly indispensible.
Vanadium has been creating quite a buzz in clean energy circles of late. And that is expected to give a big boost to production of the little-known metal in North America, including the first vanadium mine being developed in Nevada.
Don't look now, but vanadium demand is ramping up, the head of global research with Byron Capital Markets, says. The metal could see demand jump if battery manufacturers start using it to boost power output in lithium-vanadium cells