Sunday, October 02, 2011

The future of rare earth elements supplies

A new report from the USGS asks the question about the future of rare earth elements [REE]—will these high-tech industry elements continue in short supply?

Author Keith Long concludes that "REE will continue to find increasing use due to their unique properties. There is a realistic possibility around 2015-2016 of sufficient REE capacity to meet demand under conditions of healthy price competition. REE supplies will be tight and prices high for a few years. There is significant downside risk that newly developed mines will not perform as planned.

You can view a video presentation of this report that the author made on May 26, 2011 at the USGS Evening Public Lecture Series in Menlo Park, Calif. The report was produced at the USGS Western Mineral and Environmental Resources Science Center, Tucson Office at the University of Arizona.

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