Malaysia Monitors Aussie Rare Earth Plant
The Sydney Morning Herald reported that Lynas Corp.'s (PINK:LYSCF) rare earth plant in Malaysia is being strictly regulated.
The Sydney Morning Herald reported that Lynas Corp.'s (PINK:LYSCF) rare earth plant in Malaysia is being strictly regulated.
Increasingly the world has started talking about rare earths recycling. The buzz word that has popped up is Urban Mining. Discarded high tech goods (e-waste) contain a whole host of materials that are invaluable such as rare earths, gold, silver, antimony and many more. The roadblock to capitalizing on this vast resource of otherwise unwanted material is pure economic viability.
In the State of the Union address, a challenge to the US was issued by President Obama, generate 80 percent of electricity with renewable sources. This transformation of the world’s largest energy consumer is truly a monumental task and will take vast resources to achieve. In this two part series, we look at the investment potential of this challenge.
Companies are looking to develop electric motors with a reduced percentage of rare earth oxides, after a turbulent market sparked by Chinese trading policy destabilized the market and influenced prices. Investments in new rare earth mines will provide non-Chinese REE’s to fill in supply gaps.
Rare Earths are not found as free metals in the earth’s crust, but rather within a mixed ‘cocktail’ of Rare Earth elements that need to be separated out into their individual components. To make exploration for rare earth elements profitable, deposits need to be discovered in areas where REEs occur in dense concentration, and there are very few areas in North America where the rare earths are found in abundance.
There are many rare earth projects currently being explored and developed worldwide. As the Chinese reduced export quotas, these projects represent the future of the rare earth market.
As China severely reduces export quotas, the rest of the world is waking up to the reality of finding new sources for rare earth elements. This is a breakdown of some of the rare earth projects being developed outside of China.
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