The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Unique, remarkable, magical and irreplaceable are some of the adjectives uses to describe rare earths – a group of 17 elements with names most of us have never heard of but have seemingly mystical magnetic, electrical and luminescent properties we use every day. "There are literally hundreds of uses for rare earths – they are unique materials, almost alchemistical magic," said Michael Silver, CEO of American Elements, a Los Angeles-based distributor of rare earths and tho...
Rare earths and battery metals market expert Adamas Intelligence forecasts that demand for the magnet rare earths – neodymium, praseodymium, and dysprosium – will falter slightly this year due to COVID-19 before rising sharply over the balance of the decade. Electric vehicles, wind power generators, consumer appliances, cordless power tools, speakers and dozens of other modern devices benefit from the unmatched power and durability of rare earth magnets. A lessened demand for...
It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements. These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and high-fidelity speakers to name a few. Canada-based Geomega Resources Inc. has d...
Already involved in nearly every facet of the rare earth supply chain, from mining these technology elements to manufacturing powerful REE magnets, USA Rare Earth LLC has cut a deal with Geomega Resources Inc. to recycle these metals. Under a letter of intent signed by the companies on July 15, Quebec-based Geomega would recycle rare earth-containing waste from producing neodymium-iron-boron permanent magnets at a facility New York-based USA Rare Earth is planning to build in...
Texas Mineral Resources Corp. has added fuel to USA Rare Earth LLC's strategy to establish a complete rare earth mines-to-magnets supply chain in the United States, which is already advancing much more rapidly than either company envisioned when they formed a partnership less than two years ago. Texas Mineral Resources is an exploration company that has outlined an enormous deposit of rare earth elements, lithium and 10 other critical minerals at its Round Top project about...
With the commissioning of a pilot plant in Colorado now underway, USA Rare Earth LLC is one step closer to producing rare earth elements on American soil. Based in New York City, USA Rare Earth has set in motion a strategy to establish a completely domestic supply chain for rare earth magnets, which are essential for wind turbines, electric vehicles, smartphones, military hardware, advanced medical devices, and the physical backbone of emerging 5G networks. A key facet of...
Texas Mineral Resources Corp. and USA Rare Earth LLC April 2 said the COVID-19 outbreak thus far has not held up progress on their Round Top critical minerals project in Texas and pilot heavy rare earths separation plant in Colorado. "Our first priority is to safeguard the health and well-being of our employees, partners and contractors," said Texas Mineral Resources Chairman Anthony Marchese. "Fortunately to date, the COVID-19 outbreak has had a minimal effect on our...
USA Rare Earth LLC has acquired state-of-the-art neodymium-iron-boron permanent magnet manufacturing equipment, another key piece to the company's strategy to establish a complete rare earths mines-to-magnets supply chain in the United States. New York-based USA Rare Earth has already made major headway toward this objective as the funding and development partner at Round Top, a rare earth and critical minerals project about 85 miles southeast of El Paso. According to a prelim...
Many in the United States, from President Donald Trump to sector analysts, have been raising the alarms about America's heavy dependence on China for rare earth elements and other critical minerals and metals. Most of this talk has centered on the geopolitical risks associated with depending on an economic and strategic rival for more than 80 percent of these 17 metals vital to a wide array of high-tech and military devices. Instead of export restrictions resulting from...
Ucore Rare Metals Inc. wants to provide the Pentagon with an American source of rare earth elements, vital ingredients to a wide array of U.S. military hardware, from helmet mounted radios to laser guided missiles. While essential to national defense, the U.S. currently depends on foreign countries for 100 percent of its supply of rare earths. And more than 80 percent of these critical metals are imported from China, either directly or via secondary countries. As part of a...
American mines produced roughly 26,000 tons of rare earth during 2019, a 44 percent increase over 2018, yet the United States is 100 percent reliant on foreign countries for its supply of these 17 elements vital to our modern high-tech society. This apparent paradox speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except promethium...
Det'on Cho Nahanni Construction Corp., owned by the Yellowknives Dene First Nation, has signed a landmark agreement to run the mining operations at Nechalacho, on pace to be the first rare earth element (REE) mine in Canada. A memorandum of understanding that lays out the parameters of the mining contract was signed by Det'on Cho Nahanni Construction and Cheetah Resources Pty Ltd., an Australia-based company that is advancing the Nechalacho REE mine project in Northwest...
Rare earth elements in Canada have recaptured the spotlight now that the United States has entered a new alliance with its northern neighbor to develop robust supply chains for critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defense, and clean technology. A final agreement between the two countries, reported in December, delivers on a commitment made by their leaders in June to advance joint initiatives to...
Ucore Rare Metals Inc. says the COVID-19 pandemic shines a spotlight on the need for a domestic supply of rare earth elements and other critical minerals and the company continues to make headway toward helping to fill that supply with its mine-to-metal-to-market "M3" strategy. "The current crisis underscores the extremely vulnerable nature of critical materials supply chains in the U.S. globalization and single-source foreign dependencies are not mitigating this risk – t...
