The rare earth elements play a part in literally.... There is nothing in the new industry that rare earth elements don't play a part in. You just look around. Anything you have that's technological, there are rare earth elements in it, whether it's in TV screens to make them brighter.... However, if we are serious about getting to a lower-carbon economy.... Again, you have a fuel and you have your power, so the permanent magnets.... Literally everything requires an electric motor. Everything we can think about requires an electric motor, whether it's a defence capability, whether it's transportation, whether it's things that you use in your normal household. They all require electric motors, and the most efficient electric motor is the permanent magnet electric motor.
