Rare Earth Elements, often called REEs, are a group of 17 minerals that play an important role in many of today’s most advanced technologies. Although they are called “rare,” many of these elements are found in the Earth’s crust. The challenge is that they are not often found in large concentrations that are economical to mine and process. Rare earth elements are essential because they have unique magnetic, electrical, and chemical properties that are difficult to replace with other materials. Without them, many of the technologies we rely on every day would not perform as efficiently or, in some cases, would not be possible at all.
Rare earth elements are indispensable for permanent magnets used in wind turbines and electric vehicles.”
Source: International Energy Agency (IEA)
Publication: Global Critical Minerals Outlook 2024 – Analysis – IEA
Date: May 2024
Organization: International Energy Agency (IEA)
Rare earth elements are used in a wide range of products and industries. Neodymium and praseodymium are used to produce powerful permanent magnets found in electric vehicle motors, wind turbines, robotics, smartphones, computer hard drives, and medical imaging equipment. Dysprosium and terbium help these magnets continue to perform under high temperatures, making them suitable for demanding industrial and transportation applications. Europium, yttrium, and terbium are used in LED lighting, television displays, and computer screens to produce bright and accurate colors. Other rare earth elements are used in satellites, radar systems, aerospace technologies, precision manufacturing, industrial lasers, and advanced defense equipment. As industries continue to adopt cleaner energy and smarter technologies, the demand for rare earth elements is expected to grow for many years to come.
At Wohnen, we understand that rare earth elements are more than valuable minerals—they are the foundation of many modern technologies that support everyday life and future innovation. Securing a dependable supply requires responsible sourcing, strong international partnerships, careful quality management, and reliable logistics. We work closely with trusted partners throughout the supply chain to help customers gain access to high-quality critical minerals while supporting transparency, consistency, and long-term supply security.
Our commitment is to deliver responsibly sourced critical minerals with the trust, reliability, and transparency that customers expect from a long-term supply chain partner. “
Did You Know?
A modern electric vehicle can use more than one kilogram of rare earth elements in its permanent magnet motor, while a single large offshore wind turbine may require hundreds of kilograms of rare earth magnets to generate clean electricity. These unique materials help make renewable energy technologies more efficient, reliable, and powerful.