Raw Materials Shortage
See also: Rare earth metals availability and supply securityThe rare earth element dysprosium is required to fabricate many of the advanced electric motors and battery systems in hybrid propulsion systems.
However, nearly all the rare earth elements in the world come from China, and one analyst believes that an overall increase in Chinese electronics manufacturing may consume this entire supply by 2012. In addition, export quotas on Chinese rare earth exports have resulted in a generally shaky supply of those metals.
A few non-Chinese sources such as the advanced Hoidas Lake project in northern Canada and Mt Weld in Australia are currently under development, however it is not known if these sources will be developed before a shortage hits.
Read more about this topic: Hybrid Electric Vehicle
Famous quotes containing the words raw materials, raw, materials and/or shortage:
“In how few words, for instance, the Greeks would have told the story of Abelard and Heloise, making but a sentence of our classical dictionary.... We moderns, on the other hand, collect only the raw materials of biography and history, “memoirs to serve for a history,” which is but materials to serve for a mythology.”
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“As long as green hills are there, never fear a shortage of firewood.”
—Chinese proverb.