SEOUL, Feb 21 (Reuters) - Hyundai Motor , South Korea's top automaker, said on Monday that it was seeking to secure rare earth metals used in electric and hybrid cars, as the industry braces for a possible shortage of the minerals. Rare earth metals like neodymium are used in the powerful magnets in motors that are a key component for electric and hybrid cars. China produces 97 percent of the world's rare earth metals, but Beijing set 2010 export quotas 40 percent lower than 2009 levels, ...
Premium Content (PAID Subscription Required)
"Hyundai Motor looks to secure rare earth supplies" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.