Market
Rare earths are central to the world’s transition to a low carbon economy; particularly Neodymium, Praseodymium and Dysprosium, which are used to make permanent magnets for motors of hybrid and electric vehicles and wind turbines.
The intensive mineral requirements of low-carbon, greener technologies is driving demand for rare earths against a backdrop of constrained supply. We believe Rainbow is well positioned to provide these essential materials in an efficient and responsible way.
Rainbow is a member of the European Raw Material Alliance (“ERMA”). ERMA is working to ensure reliable, secure and sustainable access to critical and strategic raw materials, with a specific focus on the rare earth magnet chain.