Moar on Rare Earth Elements (REEs) and who really controls NK
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These are excerpts from MIT with info on what REEs are, what they are sought after for, and who controls the market.
Something that must also be taken into account when considering REEs is the strategic value of having mineable quantities of these elements. For instance, China's deposits provided it with leverage of global markets of these elements. Before 2010, China controlled 95% of the production market of REEs (Chakhmouradian, 2012). Now that new deposits are being discovered around the globe, and new refineries are opening up (for HREEs in particular, of which China previously provided 100%), this monopoly may cease.
Since the 1980s, China has produced roughly 90% of the world's supply of REEs (Chakhmouradian, 2012). It currently produces 97% of the world REE supply, giving China immense bargaining power. They have recently slowed exportation to Europe and the Americas, and they have stopped exporting to Japan (Tiesman, 2010). With these exportation decreases, world prices skyrocketed up to 1500% over the course of just a few months (Hatch, 2012). Countries that manufacture REE-containing products were therefore dependent on China's willingness to continue to export to them. However, recent geological surveys from Britain and the U.S. indicate that reserves of REEs may be found in many diverse locations around the world, and some REE-dependent manufacturers are financially backing further exploration of potential reserves outside of China
(Chakhmouradian, 2012). Demand is still increasing, but supply now exists outside of China (Mt. Weld in Australia and Mountain Pass in California) and more mines should open around the globe as time goes on, particularly in Brazil, Australia and Russia.
http://web.mit.edu/12.000/www/m2016/finalwebsite/elements/ree.html
This is info Northern Minerals (CEO George Bauk) officially opened Browns Range Pilot Plant, July 2018, becoming the first heavy rare earth producing mine outside of China. Here is a video that I did not have time to watch with CEO and why they are contenders in the EV revolution…makes me think about the new green deal right off the bat
http://northernminerals.com.au/investor-centre/company-information/
Moar on Northern Minerals
New assay results from RC drilling at the Dazzler and Iceman prospects turned up exceptional grades and thicknesses of rare earth mineralisation, including highly elevated contents of the sought-after rare earth element, dysprosium.
The company is now the first significant world producer of dysprosium outside of China.
This largely unexplored and geologically neglected corner of Australia is quickly firming up as the only region outside of China that is capable of going toe to toe with the Chinese in the global supply of heavy rare earths.
https://thewest.com.au/business/public-companies/northern-minerals-makes-new-rare-earths-discovery-ng-b88957346z
This hole is deep folks. I have barely jumped in and wowzer