Rare Ea rth s Ma rkets W hat ha s c hang ed s ince 2013 Esca la ting de man d for n e o d y miu m and p r a s eodymium for use in hi gh streng th mag ne ts vital for el ectric moto rs in EV s p lu s wi n d p o we r e le ctron ics a n d d e fen se tech n o lo g y Ri sin g pri ces of ne od ymiu m an d pra seo dymi um Li mited sup pl y sou rces ou tside Ch in a as o nl y Lyn as Co rp ach ie ved comme rcia l pro du ction after 20 13 US Ch in a trad e wa r cre a tes n e w RE E su p p ly risk US g ove rnme nt resp on ds wi th Exe cutive Order to p rovi de fun di ng to assi st in cre atin g ne w do mestic RE E sup pl y cha in s wi th Ca na da s pa rticip atio n Re cen t ad van ces in pro cess tech no lo gy are crea ting op po rtun itie s to imp le men t more efficie nt low er cost REE pro du ction meth od ol og ie s wi th ne ar term p ote ntia l 19 Bas tnaesite N d Pr Mineral ization in th e T Zone at Nec halacho