US Sits On Supply of Rare, Tech-Crucial Minerals

We've recently discussed China's position as the linchpin of the world's supply of rare earths, and their rumblings about restricting exports of of these materials crucial to the manufacture of everything from batteries to wind turbines. Now an anonymous reader sends this MSNBC piece on the status of the US's supply of rare earths. "China supplies most of the rare earth minerals found in technologies such as hybrid cars, wind turbines, computer hard drives, and cell phones, but the US has its own largely untapped reserves that could safeguard future tech innovation. Those reserves include deposits of both 'light' and 'heavy' rare earths... 'There is already a shortage, because there are companies that already can't get enough material,' said Jim Hedrick, a former USGS rare earth specialist who recently retired. 'No one [in the US] wants to be first to jump into the market because of the cost of building a separation plant,' Hedrick explained. ... [S]uch a plant requires thousands of stainless steel tanks holding different chemical solutions to separate out all the individual rare earths. The upfront costs seem daunting. Hedrick estimated that opening just one mine and building a new separation plant might cost anywhere from $500 million to $1 billion and would require a minimum of eight years. [But the CEO of a rare earth supply company said] 'From what I see, security of supply is going to be more important than the prices.'"

Re:What Problem?

[Jeff-reyy]

Thanks for the advice, Sam Walton.

Re:Supply and demand?

[Faw]

All we need to do is make a small city near the resources in China and send a 'Great Artist' to create a 'Great Work'. Once the borders expand we can mine the stuff... easy...

Re:we also have an abundance of...

[Black Gold Alchemist]

When the environmentalists can't afford their SUVs anymore, we will be allowed.

Re:Supply and demand?

[rubycodez]

you can sit and do contemplation until the end of time. We needed solutions yesterday. And quite frankly it doesn't matter if we screw up the ecosystem of the Sahara dessert or Bonneville salt flats or some other arid wasteland.