The West deals with scarcity issues of heavy rare earth elements, Reuters says

The West’s push to develop its own supply chain for home-grown magnets is dealing with an issue of scarcity of the heavy rare earth elements, Eric Onstad of Reuters reports. The U.S. and allies have been working to create a supply chain to reduce reliance on China, since the super-strong rare earth magnets are vital components in a wide range of products. Shortages of heavy elements dysprosium and terbium, however, may be a weak point for MP Materials (MP) and the West’s campaign to create a magnets industry away from the constricted supply in China. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials, Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).