Edmonton·CBC Explains We need rare earth elements for a greener future, but there’s a catch
A group of 17 minerals has potential to be a major economic driver for Canada
Christy Climenhaga · CBC News · Posted: Aug 29, 2022 2:00 AM MT
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Where does Canada fit in?
China dominates the rare earth market with annual production estimated at 127,000 tonnes in 2020, accounting for almost 60 per cent of global production. The United States (34,000 tonnes), Myanmar (27,000 tonnes) and Australia (15,000 tonnes) are also major world players.
And Canada?
“Canada has some of the largest known reserves and resources of rare earths in the world,”
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As of last year, it’s estimated that Canada has more than 14 million tonnes of rare earth oxides.
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In Canada, there are currently 21 rare earth mining projects in various stages of development, from exploration to resource estimation. They are in the Northwest Territories, Quebec, Ontario, Newfoundland and Labrador, Alberta and in Saskatchewan, according to Natural Resources Canada.
Environmental issues should be no problem for Canada with the mess that fossil fuels exploration, mining, drilling, processing and refining has caused - not to mention pipeline, rail and trucking accidents.
So I hope Canada takes the plunge to develop and produce rare earths and stop depending on fossil fuels.
Jaak
I do own ALB, TSLA and GE which all need rare earths.
Environmental issues should be no problem for Canada with the mess that fossil fuels exploration, mining, drilling, processing and refining has caused - not to mention pipeline, rail and trucking accidents.
So I hope Canada takes the plunge to develop and produce rare earths and stop depending on fossil fuels.
Jaak
I do own ALB, TSLA and GE which all need rare earths.
This from the guy who used to brag about his two diesel mercedes and farm tractor.
We will be sure none of our rare earths go to the companies you invest in.