But the market is dominated by China, which accounts for 60% of global production, according to the U.S. Geological Service.
Mainly because they have to import oil, but they have coal and nuclear.That's good, I'm all for finding in-demand resources in locations where one country doesn't dominate the market:
Also why China pushes the EV/battery market so hard.
The mining isn't toxic at all - extraction from the Earth isn't the issue. Processing the raw ore/minerals to extract the REEs can be and yes, China has much more lax environmental controls in place so this is all quite a bit easier for them. It's not the environmental regs that are hard to comply with...it's simply the overall CAPEX of the processing facility that would be necessary to produce the REEs at an economic scale.The rare earth materials are not rare. Mining them can be toxic to the environment hence it's not done in the EU or the US. It's cheaper to buy these then to comply with the environmental regulations. It helps to make a little bit of a noise about the Chinese suppliers and raise your prices a little without being questioned.
Fake virtue is the rage now. She and the other guy look quite happy just moments before the “arrest”Greta was just arrested at a coal mining protest, so get digging.
Thanks for the clarification.The mining isn't toxic at all - extraction from the Earth isn't the issue. Processing the raw ore/minerals to extract the REEs can be and yes, China has much more lax environmental controls in place so this is all quite a bit easier for them. It's not the environmental regs that are hard to comply with...it's simply the overall CAPEX of the processing facility that would be necessary to produce the REEs at an economic scale.
One other comment, depending on the host ore that is being mined/processed, you can have NORM (naturally ocurring radioactive material) issues due to Uranium/Thorium.Thanks for the clarification.
Well, they aren't rare but making the oxide powders is v. cost-intensive...the markets sets the price accordingly.I wonder who came up with the term "rare earth elements" as they were charging the customers an arm and a leg.
This whole thing was staged. See behind scenes videoGreta was just arrested at a coal mining protest, so get digging.
The real cost comes in separation of the elements. They all have nearly identical electron configurations in their outer shells.Well, they aren't rare but making the oxide powders is v. cost-intensive...the markets sets the price accordingly.
Correct - the processing to the "17 colored powders" as I call them is where the cost is and why the U.S. isn't in this game yet...we have no multi-billion dollar processing facility for it. The minerals/deposits....no worries...plenty of them.The real cost comes in separation of the elements. They all have nearly identical electron configurations in their outer shells.
LKAB are mining in Kiruna, and its not a little mining companyJust a little prediction; The EU will never allow for MINING to occur.
Why do protestors and police have to be mad or violent with each other? A peaceful protest can end with peaceful arrest, with a moment for photo with someone famous.Fake virtue is the rage now. She and the other guy look quite happy just moments before the “arrest”
View attachment 136839
Seems a bit short sighted by the US/Canada, I guess China is less likely to shoot itself in the foot than Russia was, but they still aren't a "friendly" or reliable trading partner.Correct - the processing to the "17 colored powders" as I call them is where the cost is and why the U.S. isn't in this game yet...we have no multi-billion dollar processing facility for it. The minerals/deposits....no worries...plenty of them.
It's an on-going thing and at some point, the U.S. will be producing these here.Seems a bit short sighted by the US/Canada, I guess China is less likely to shoot itself in the foot than Russia was, but they still aren't a "friendly" or reliable trading partner.