James Cook University scientists can now predict where a rare-earth metal vital for wind-turbines, electric vehicles and generators can be found – and they say it may lead to an economic bonanza for Australia.
A new study published in the journal Economic Geology by James Cook University PhD student Teimoor Nazari-Dehkordi and colleagues has uncovered the enigmatic geological origins of valuable rare metal ores rich in dysprosium.
The metal is used to create magnets because it is resistant to demagnetisation at high temperatures – an especially important quality for magnets found in electric motors and generators.
Mr Nazari-Dehkordi said that rare-earth metals are crucial for sustaining modern societies.
“Global demand for dysprosium and other rare-earth elements will grow rapidly in the coming decades as we transition to a clean energy society, and securing dysprosium supplies into the future is of utmost importance.”
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Source: James Cook University