China s dominance of rare earth elements worries the West ANI | Updated: Apr 26, 2021 21:21 IST
Beijing [China], April 26 (ANI): As China continues to dominate the rare earth elements around the world, the Western countries are pushing towards self-reliance in the procurement of scarce metals and minerals that are essential for the manufacture of electric car batteries, satellites, weapons, wind turbines and solar panels.
Rare earth elements are produced in a handful of countries and play an essential role in technology, from microchips to speakers to X-ray imaging.
According to the Centre for Strategic and International Studies (CSIS), China provides more than 85 per cent of the world’s rare earth and is home to about two-thirds of the global supply of scarce metals and minerals like antimony and baryte.
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PENSANA PLC
Establishing a World-Class Sustainable Supply
of critical Rare Earths for the Green economy
Pensana Plc (LSE: PRE) (“Pensana” or “the Company”) today announces the Company has adopted a business plan to seek to establish, subject to funding, a world-class, independent and sustainable supply chain of the rare earth metals vital for electric vehicle, wind turbine and other strategic industries. This involves:
Pensana’s Chairman, commented:
Paul Atherley
“Saltend has the potential to become the first major separation facility to be established in over a decade – one of only three major producers outside – at a critical juncture when depends on for 98% of its rare earth magnets.
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1. Introduction
Metals, minerals and natural materials are part of our daily lives. Those raw materials that are most important economically and have a high supply risk are called critical raw materials. Critical raw materials are essential to the functioning and integrity of a wide range of industrial ecosystems. Tungsten makes phones vibrate. Gallium and indium are part of lightemitting diode (LED) technology in lamps. Semiconductors need silicon metal. Hydrogen fuel cells and electrolysers need platinum group metals.
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Access to resources is a strategic security question for Europe’s ambition to deliver the Green Deal. The new industrial strategy for Europe proposes to reinforce Europe’s open strategic autonomy, warning that Europe’s transition to climate neutrality could replace today’s reliance on fossil fuels with one on raw materials, many of which we
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How China s mines rule the market of critical raw materials dw.com 16 hrs ago Michel Penke
The European Union has identified thirty raw materials as critical for industry. Their supply is endangered by conflicts, a weak rule of law and trade monopolies. And one nation controls more than all others. © United Archives International/imago images Ore chunks containing red cobalt from Australia are often processed in China before being used in catalysts and batteries.
They might sparkle in shades of violet, red and silver, or they might look like dirty rocks, but critical raw materials such as cobalt or germanium, have two things in common. They are all both rare and vital for the production of everyday items like smartphones, solar panels and electric vehicles.
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