Friday, November 13, 2020

Rare earths in the US

Many experts say the Paris Agreement is necessary to save the planet. Here is a quote from environmentalist Nafeez Ahmed To meet greenhouse gas emission reduction targets under the Paris Agreement, renewable energy production has to scale up fast. This means that global production of several rare earth minerals used in solar panels and wind turbines—especially neodymium, terbium, indium, dysprosium, and praseodymium—must grow twelvefold by 2050. China is the world's dominant producer of rare earth elements with more than 95% of production. China has threatened to cut exports. Chinese state media have backed the idea saying America’s dependence on Chinese rare earths “an ace in Beijing’s hand.” The US has these metals. According to mining experts, Bear Lodge in Wyoming is home to one of the richest and highest-grade rare earth deposits in the U.S., with an estimated 18 million tons of rare earth inside. The US currently uses 13,000 tons per year so this would be a 1000 year supply.

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