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  • they are everywhere, you'll find them in your phone, your car, even in wind turbines without rare earth elements, a lot of the technology we have today wouldn't exist in its current form their mind in places like this and then milled into a concentrate before being processed into the pure metal.

  • The global appetite for rare earth elements is surging.

  • There's actually about 50% rare earth contained in this concentrate.

  • But what are they were contrary to the name.

  • They're not actually that rare.

  • Rare Earth elements are a collection of 17 metals there, found here on the periodic table, with names that are almost impossible to pronounce on.

  • While they're abundant, they're not often found in quantities that make extraction economically viable.

  • They're known for having similar properties and are mostly used in magnets, catalysts or in hybrid car batteries.

  • Even some military equipment requires rare earth elements.

  • China is by far the biggest producer.

  • It has a third of the world's deposits on accounts for more than 90% of global production and supply.

  • And while there are a handful of other countries with deposits, mining them is only half the battle.

  • The bigger issue is processing and purifying that's a dirty process can involve handling radioactive waste.

  • Up until now, most countries have been happy to leave that work to China.

  • US has one rare Earths mine, but it's still exports its product to China.

  • Processing more and more technology appears that relies on rare earths, and demand for that technology grows.

  • So does the dependency on China.

  • Mm hmm.

they are everywhere, you'll find them in your phone, your car, even in wind turbines without rare earth elements, a lot of the technology we have today wouldn't exist in its current form their mind in places like this and then milled into a concentrate before being processed into the pure metal.

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What Are Rare Earth Elements?

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    林宜悉 posted on 2021/01/15
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