Germany to Develop Rare Earth Deposit
The first rare earth element property in Central Europe is being developed by Deutsche Rohstoff AG. The promising deposit will undoubtedly be welcomed by the German industry.
The first rare earth element property in Central Europe is being developed by Deutsche Rohstoff AG. The promising deposit will undoubtedly be welcomed by the German industry.
The Chinese government has repeatedly vowed to shut down the illicit rare earth mining operations, however, the task is proving to be difficult to achieve. This has begged the question of how illegal and clandestine these rare earth operations truly are.
As the trend of tight supply in the rare earth market persists, high prices with seemingly no end in sight have have forced some companies to relocate to China, suspend or even halt production.
The production of rare earth oxides creates radioactive waste in the form of thorium. This material is considered a liability in the processing of rare earths. However, science is quickly developing ways to use the material as nuclear fuel, either in next generation nuclear facilities, or as a substitute to uranium. There are many benefits to switching to thorium as the main fuel for nuclear power.
The demand for investment in rare earth elements is extremely high, and investors are looking for a way to enter the market without being solely dependent on mining company stocks. While a pure Rare Earth ETF is not yet available, there are options for investor looking to capitalize on the rare earth market.
Kidela.com reports that the price increase of Rare Earth Elements has outperformed gold by leaps and bounds.
Get our independent commentary on rare earth trends and companies delivered to your inbox.