Over the past few months, there’s been a buzz surrounding rare earth metals. These are metals such as europium, lanthanum, neodymium and 14 others found in small concentrations attached to other metals and resource deposits. They’re actually not that rare, just expensive and difficult to pull out of the ground.
These naturally occurring elements are essential in everything from wind turbines to lasers to iPads.
Rare earths are a conundrum for the environmentally conscious—they hold the key to green energies but create toxic waste when being separated away from other elements. “Just one wind turbine generating 3 megawatts of electricity requires 600 kilograms of rare earths for its magnets,” a source told the United Kingdom’s Guardian newspaper.
Electric and hybrid cars can contain more than twice as much rare earth metals as a standard car. This image from the NY Times breaks down how these metals make up critical elements of a Prius.
Currently, China controls 97 percent of the world’s production of rare earth metals. In October 2010, the country cut exports of the metals by 70 percent, disrupting manufacturing in Japan, Europe and the U.S., and sending the prices of these metals up 40 percent.
China currently controls production but the country only has 37 percent of the world’s estimated reserves. This second visual published by the NY Times shows the identified rare earth metal deposits around the globe.
The U.S. used to be a top manufacturer of rare earth metals back in the 1960s, but eight years ago environmental infractions shut down the Mountain Pass, California mine, the largest deposit of rare earth metals outside of China. Currently, there are efforts to restart production at the mine but several hurdles must be cleared first. Today, the U.S. imports 87 percent of its rare earths from China.
Other countries such as Kenya, South Africa, Malawi and Greenland are believed to be sitting atop large deposits of rare earth metals as well.
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