Rare earth minerals are fundamental building blocks of the modern economy, enabling trillions of dollars in global GDP via a wide range of uses case from clean energy to information technology, defence and industrial applications.
What are Rare Earth minerals?
Rare earth is a series of chemical elements found in the earth’s crust
Unique magnetic and electrochemical properties of the elements enable technologies to perform with greater efficiency, performance, and durability—often by reducing weight, emissions, or energy consumption
Why are they called Rare Earth?
Elements themselves aren’t rare, ore bodies containing sufficient concentrations is extremely rare
Extensive processing is required to separate rare earth elements from mined ore