Rare earth elements are a set of 17 metals that are integral to our modern lifestyle and efforts to produce ever-greener technologies. The "rare" designation is a bit of a misnomer: It's not that they're not plentiful, but rather that they're found in small concentrations, and are especially difficult to successfully extract since they blend in with and resemble other minerals in the ground. China currently produces over 90% of the world's supply of rare metals, with seven other countries mining the rest. So though they're not precisely "rare," they are ...
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Source:InvestorIntelWith the global agenda on green energy and the electrification of transport systems, the demand outlook for rare earths, in particular the magnet metals neodymium (Nd), praseodymium (Pr), and dysprosium (Dy) is quite positive. This could take a year or two before it translates into a surge in demand for the magnet metals from the anticipated 2020 electric vehicle (EV) sales, but this is not the only use of what is also referred to as technology metals in an industry ripe with demand from storage batteries to laser materials to nuclear storage rods.SupplySupply should remain...
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Source:Interesting EngineeringJust off the coast of Japan lay a deposit of rare-earth minerals, which can potentially supply the entire globe for centuries to come. This latest study, published in the Nature journal, details the findings of 16 million tons of these rare minerals, ones that could be used for dozens of things for everyday life.While these rare minerals might be easy to find in the midst of the Earth's crust, it's not too easy for experts to find. They are usually spread out, so a finding like this latest one in Japan is massive.Oh, and it's costly, too. Miners only h...
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