Rare Element Resources: Revolutionizing Rare Earth Recovery and Reducing Environmental Impact
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2024-02-21
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source:Zelosos por Buenas Renovables
Rare Element Resources (RER) is spearheading a groundbreaking initiative to establish US-based rare earth production using innovative recovery and separation technology. While China has dominated the rare earth market for decades, controlling over 85% of processing and separation and 92% of rare earth magnet production, RER aims to challenge this monopoly and reduce the risk associated with the global supply chain.Rare earths, although often overlooked, play a crucial role in our everyday lives. They are integral to the technology we rely on, from computers and cell phones to defense applications such as laser weapons and satellite communications. Additionally, rare earths are vital for emerging green technologies like electric cars and direct-drive wind turbines, which are central to global carbon reduction goals.RER brings two key assets to the table. Firstly, they have developed an innovative rare earth recovery and separation technology that offers significant economic and environmental advantages over traditional methods. This technology has already successfully produced separated rare earth oxides, paving the way for commercial-scale production.Secondly, RER owns the Bear Lodge Rare Earth project in northeast Wyoming, which is one of the most significant rare earth deposits in North America. The project holds a wealth of rare earths crucial for high-strength, permanent magnets used in various technological applications.To expedite their progress, RER has partnered with General Atomics (GA), a highly respected leader in the defense and technology industries. Together with financial support from the U.S. Department of Energy and the Wyoming Energy Authority, they are constructing a state-of-the-art rare earth recovery and separation demonstration plant in Wyoming. This facility will allow for further testing and refinement of the technology while generating essential data for future commercial-scale production.What sets RER’s recovery technology apart is its closed system design, making it a zero-discharge process. This means that the majority of water and chemicals used in the recovery process are recycled, resulting in significant environmental and economic benefits. Unlike traditional methods, RER’s approach prioritizes sustainability while still meeting regulatory requirements.By establishing domestic rare earth production and implementing environmentally friendly recovery technology, RER and their partners are revolutionizing the industry. Their efforts not only reduce the reliance on China but also address the environmental and security risks associated with the global rare earth supply chain. With their commitment to innovation and sustainability, RER is paving the way for a more secure and environmentally conscious future of rare earth production.1. What is Rare Element Resources (RER)?Rare Element Resources is a company spearheading an initiative to establish US-based rare earth production using innovative recovery and separation technology.2. Why is China dominant in the rare earth market?China currently controls over 85% of rare earth processing and separation and 92% of rare earth magnet production, giving them a monopoly in the industry.3. Why is RER challenging China’s monopoly?RER aims to challenge China’s monopoly to reduce the risk associated with the global supply chain and establish a US-based rare earth production.4. What role do rare earths play in our everyday lives?Rare earths are integral to the technology we rely on, including computers, cell phones, defense applications like laser weapons, satellite communications, and emerging green technologies like electric cars and direct-drive wind turbines.5. What key assets does RER bring to the table?RER has developed an innovative rare earth recovery and separation technology that offers economic and environmental advantages over traditional methods. They also own the Bear Lodge Rare Earth project in Wyoming, which is one of the most significant rare earth deposits in North America.– Rare earths: Rare earth elements are a group of seventeen chemical elements in the periodic table.– Monopoly: Complete control or domination of a particular market or industry by a single company or group.– Carbon reduction goals: Goals related to reducing carbon emissions and mitigating climate change.– Recovery and separation: The process of extracting and separating rare earth elements from ores or other materials.– Permanent magnets: Magnets that retain their magnetic properties over long periods of time without losing their strength.
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