Source:GizmodoOffshore wind power seems to be on the cusp of taking off in the U.S. That’s great news for the climate, but every technology has a cost. As a new study points out, a surge in offshore wind could also mean a surge in our appetite for a rare earth metal that’s mined at a heavy environmental toll.In fact, expanding U.S. offshore wind capacity in line with a recent Department of Energy report could require some 17,000 tons of the rare earth metal neodymium by 2050, according to the paper published recently in Nature Sustainability. This demand, equivalent to that of about 20 million...
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Source:Science MagazineRoskill Information Services, London, UK, has reported on China’s new rare earth and tungsten mine production quotas for the first half of 2019. In March, China’s Ministry of Natural Resources and the Ministry of Industry and Information Technology set tungsten quotes for the first half of the year at 49.8 kt (65% WO3 basis), while rare earths quotas were set at 50.4 kt of light rare earths and 9.6 kt of medium and heavy rare earths.According to Roskill, which published its latest Tungsten: Global Industry, Markets and Outlook report in March, the new tungsten quota has ...
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Source:Phys.OrgFrom computer hard discs and smart phones to earbuds and electric motors, magnets are at the forefront of today's technology. Magnets containing rare-earth elements are among the most powerful available, allowing many everyday objects to be ever smaller. But rare-earth elements can be difficult to obtain, given either their scarcity or the challenging geopolitical climates of some of the nations where they are mined. Now, scientists have identified magnets based on more readily obtainable rare earths, as well as some promising magnets that don't contain these materials a...
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Source:Popular MechanicsArafura Resources Ltd (ASX:ARU) continues to progress towards finalising offtake agreements for rare earths from its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.Notably, the release of the definitive feasibility study (DFS) for the project in February 2019 has been a catalyst for engagement with potential offtake and financing partners.Negotiations during February and March centred on product offtake have been a key focus for the company’s executive team in support of efforts to secure finance for the project.Arafura is targeting cu...
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