A Looming Rare Earth Shortage Threatens Critical Tech

Discussion (5 Comments)Read Original on HackerNews

thot_experiment•1 minute ago

I'm pretty sure this is just an economic problem right? It has long been convenient to exploit countries that have low wages and make little effort to price in the negative externalities of extracting these resources. It's not like the imperial core doesn't have the minerals, we're just currently not getting them out of the ground.

ggm•about 2 hours ago

US fed investment in Australian rare earth mines was announced this year. I'm unsure if it's more than loan guarantees and a purchase agreement. There was discussion of a floor price but it focussed on the distorting qualities.

dwd•about 1 hour ago

The one to watch is Iluka who received a AUD 1.65b loan from the Australian Government to build the Eneabba rare earth plant, currently to come online in 2027. Their stockpile is xenotime and monazite and Yytrium and Erbium are a priority for processing.

https://www.iluka.com/products-markets/rare-earth-products/

Not sure about Lynas and whether they have access to those rare earths from an alternate source to feed into their plant. The Mt Weld mine is carbonatite and mostly LRE rather than the Yytrium and Erbium heavy xenotime/monazite Iluka have stockpiled.

deepsun•about 2 hours ago

I remember on my youth same thing said about oil.

briansm•2 minutes ago

Me too, and I'm now grateful to have been proven wrong.

But then again I certainly wouldn't want to be the youth of today and expect the same outcome.

A Looming Rare Earth Shortage Threatens Critical Tech

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Discussion (5 Comments)Read Original on HackerNews