Is It Time For Rare Earths?

Discussion in 'Bullion Investing' started by yakpoo, Feb 16, 2021.

  1. yakpoo

    yakpoo Member

    "China is exploring limiting the export of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets and other sophisticated weaponry, according to people involved in a government consultation. The Ministry of Industry and Information Technology last month proposed draft controls on the production and export of 17 rare earth minerals in China, which controls about 80 per cent of global supply."

    https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
     
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  3. yakpoo

    yakpoo Member

    "What are “Critical Rare Earths”?
    According to Dr. Alex King, U.S. Department of Energy, Ames Lab Director, critical refers to “the stuff you need the most but can’t get enough of.” In 2011, the US Department of Energy completed a study entitled, Critical Material Strategy. The study reviewed rare earths based on their role in clean energy as well as supply risk. They identified Neodymium (Nd), Europium (Eu), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y) as critical rare earths (CREE) for both the short and long term. Rare Element includes Praseodymium (Pr) in this list because of its ability to be substituted for Neodymium in high-intensity permanent magnets."

    RareEarths.jpg

    http://www.rareelementresources.com/rare-earth-elements/critical-rare-earths#.YCwjpmhKiUk
     
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  4. jb10000lakes

    jb10000lakes Active Member

  5. yakpoo

    yakpoo Member

    Last edited: Feb 16, 2021
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  6. tibor

    tibor Well-Known Member

    Read an article in the late 90's that they were buying much of the
    strategic minerals in Africa. They even contracted for future not yet
    dug/excavated 10+ years into the future. In my opinion a very smart
    move on their part. Wish the U.S. had done that.
     
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  7. Evan Saltis

    Evan Saltis #CoinUp Supporter

    its an investment in nations which are full of untapped resources, it's a type of colonialism all on its own. Debt-trap diplomacy, just another way to exploit Africans like the colonial powers which abused these resources many years ago.
     
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  8. Evan Saltis

    Evan Saltis #CoinUp Supporter

    imperialistic people, historically, the chinese
     
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  9. tibor

    tibor Well-Known Member

    It may be colonialism in a bad way as we see it. China is just looking after
    "Number One" , China. Right or wrong, I wish that the U.S. had that fore
    sight. I would rather pay X dollars for a product than 3X.
     
  10. Evan Saltis

    Evan Saltis #CoinUp Supporter

    I agree. i wish it was us, its just how the world works.
     
  11. Inspector43

    Inspector43 73 Year Collector Supporter

    Our politicians are more interested in reelection than the future of the nation.
     
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  12. medoraman

    medoraman Supporter! Supporter

    I wish that rare earth's were easier to purchase. Most you can buy are more playthings for those to be able to claim they own the element, but I am not interested in a few grams. I wish troy or higher were more easily purchasable.
     
  13. tommyc03

    tommyc03 Senior Member

    And you have to wonder how this will affect the future of electric cars.
     
  14. jb10000lakes

    jb10000lakes Active Member

    Or even plain and simple, "sorry, not for sale"; what then?
     
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  15. baseball21

    baseball21 Well-Known Member

    Might just change them. They'll end up shooting themselves in the foot in the long run. Immediately yes they hold leverage, but if you make something unavailable or two expensive eventually it gets figured out how to do it without that material and their valuable resource is now something not needed. Quite frankly they need the money anyways and these things are almost always just a way to get something they want or to try and flex
     
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  16. Mr Roots

    Mr Roots Underneath The Bridge

    This is the internet on a political free page, there is no “they” or “we”
     
  17. Garlicus

    Garlicus Debt is dumb, cash is king. Supporter

    Financial Times article linked above - “China targets rare earth export curbs to hobble US defence industry”

    defenCe industry? really?
    I could make a comment that would allow for this spelling, but I won’t, lol.
     
  18. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    There are people who collect elements. My background is ceramics/material science and I've picked up a few element samples over the years (Yttrium, Ytterbium, Molybdenum and a few others). I toyed around with the idea of building a collection, but it never took off. I've also used rare earths during my career but they are usually purchased as compounds such as Oxides or Carbonates, not in their elemental forms

    Here are some sites that sell elements to collectors. In some cases, quantities greater than a few grams or milligrams can be prohibitively expensive due to their rarity or hazardous properties, but many elements are available in larger quantities (100 grams of Yttrium for $25 or 100 grams of Gadolinium for $23)

    https://luciteria.com/elements-for-sale
    https://www.novaelements.com/

    NOTE: I have no first hand knowledge of these companies. Just posting for information
     
    Last edited: Feb 17, 2021
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  19. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Actually, things will balance out, but unfairly . . . The communist Chinese leaders are exploiting China's natural resources at a feverish clip, and lining their pockets, leaving behind a poisonous wasteland to future generations.
     
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  20. Evan Saltis

    Evan Saltis #CoinUp Supporter

    Sounds like quite a number of (some former) communist countries. Soviet Union polluted the lakes to hell. We all know about the Chinese air quality. Very unfortunate
     
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  21. BobStockington

    BobStockington New Member

    What about Africa? With a large push to develop Africa recently, what kind of shift do you think we can expect to see in rare earth metals?
     
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