Solution-Current mines for dysprosium have been exhausted

Current mines for dysprosium have been exhausted

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Reference no: EM132527244

A rare earth element known as dysprosium has unique magnetic properties that make it a mandatory input in the manufacturing of wind turbines. All current mines for dysprosium have been exhausted. The last known location to; this element is in a mountain range in China. The input costs associated with mining this remaining source of dysprosium are expected to be signi?cantly higher than the input costs of previous mining operations. Using the supply an demand model, explain the changes you expect to happen (1) in the market for dysprosium and (2) the market for wind turbines.

Reference no: EM132527244

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Current mines for dysprosium have been exhausted

Reference no: EM132527244

Reference no: EM132527244

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