source: Newsweek
Map Shows World's 10 Largest Rare Earth Element Reserves
META AI:
What are Rare Earth elements and how are they formed?
Rare Earth Elements (REEs) are a group of 17 chemical elements with unique properties that make them essential for various high-tech applications. Here's an overview of what they are and how they're formed:
What are Rare Earth Elements?
REEs are a series of metallic elements with atomic numbers ranging from 57 (Lanthanum) to 71 (Lutetium), and also include Scandium (21) and Yttrium (39). They are divided into two subgroups:
Light Rare Earth Elements (LREEs): Lanthanum (La) to Europium (Eu)
Heavy Rare Earth Elements (HREEs): Gadolinium (Gd) to Lutetium (Lu)
How are Rare Earth Elements formed?
REEs are formed through geological processes that involve the partial melting of the Earth's mantle and crust. Here's a simplified overview:
Magma generation: The Earth's mantle partially melts, producing magma that rises towards the surface.
Crystallization: As the magma cools, minerals start to crystallize. REEs are concentrated in these minerals, particularly in phosphate and silicate minerals.
Weathering and erosion: Over time, the rocks containing REE-rich minerals are weathered and eroded, releasing the REEs into the environment.
Deposition: The REEs are then deposited in new rocks, such as sedimentary deposits, or concentrated in economic deposits through geological processes like hydrothermal activity.
Notable sources of Rare Earth Elements
REEs can be found in various types of rocks and deposits, including:
Carbonatites: Igneous rocks rich in calcium and magnesium carbonates.
Alkaline igneous rocks: Rocks with high concentrations of sodium and potassium.
Sedimentary deposits: Deposits formed through the erosion and redeposition of REE-rich rocks.
Hydrothermal veins: Veins of minerals formed through hot water circulation.
The unique properties of REEs make them crucial for various applications, including:
Electronics: Magnets, catalysts, and phosphors.
Renewable energy: Wind turbines, solar panels, and fuel cells.
Aerospace: Alloys and ceramics.
Medical applications: MRI contrast agents and radiation therapy.
I hope this helps you understand Rare Earth Elements and their formation!
Which are the most valuable, and how are they used?
The value of Rare Earth Elements (REEs) can fluctuate depending on market demand, supply chain dynamics, and geopolitical factors. However, here are some of the most valuable REEs, their uses, and approximate prices:
Most valuable Rare Earth Elements:
Neodymium (Nd): Essential for producing strong permanent magnets used in:
Electric motors (e.g., wind turbines, electric vehicles)
Generators
Magnetic Resonance Imaging (MRI) machines
Price: around $60-80 per kilogram
Dysprosium (Dy): Used in:
Permanent magnets (especially in high-temperature applications)
Nuclear control rods
Catalysts
Price: around $200-300 per kilogram
Terbium (Tb): Used in:
Phosphors for fluorescent lamps and displays
Magnets
Semiconductors
Price: around $500-600 per kilogram
Europium (Eu): Used in:
Phosphors for fluorescent lamps, displays, and lasers
Nuclear applications
Price: around $500-600 per kilogram
Yttrium (Y): Used in:
Phosphors for displays and lasers
Superconductors
Cancer treatments
Price: around $30-50 per kilogram
Other notable uses of Rare Earth Elements:
Cerium (Ce): Catalysts, glass polishing, and fuel cells
Lanthanum (La): Catalysts, glass, and ceramics
Praseodymium (Pr): Magnets, glass, and ceramics
Samarium (Sm): Magnets, catalysts, and nuclear applications
Keep in mind that prices can fluctuate depending on market conditions and the specific application or industry. The values mentioned above are approximate and based on historical data.
Which countries are currently mining these in appreciable quantities?
Countries currently mining Rare Earth Elements (REEs) in appreciable quantities include:
China: The world's largest producer, accounting for 70% of global annual mine production, with an estimated 210,000 tonnes of mined REEs in 2022 .
United States: The second-largest producer, with an estimated 43,000 tonnes of mined REEs in 2022 ¹.
Australia: With an estimated 18,000 tonnes of mined REEs in 2022 .
Burma (Myanmar): Contributing an estimated 12,000 tonnes of mined REEs in 2022 .
Thailand: With an estimated 7,100 tonnes of mined REEs in 2022 .
Canada: Although not currently a major producer, Canada has significant reserves and resources, with several advanced exploration projects underway .
These countries are followed by other minor producers, but China dominates the global REE market, accounting for 87% of refined REE production .
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