Rare earth metals, wind power driving New Energy returns

The latest monthly note from managers of the DNB Renewable Energy fund point to rare earth metals and wind power-related products being key ongoing drivers of return from the shift to renewable energy sector. There is a correlation between the two, in that rare earth metals are required to make more efficient permanent magnets that are used in the turbines generating energy from wind power. An example noted by portfolio managers Jon Sigurdsen and Christian Rom include the bid by ASX listed Wesfarmers for fellow Australian company Lynas. Lynas is a rare earth metals miner based in W...