Thursday 6 October 2011

The significance of rare earth metal

By Leo Alexander


Rare earth metal is one of hot topics nowadays. People usually consider that rare earth magnets or metals are produced by some uncommon materials. This is not really true because lanthanide oxide can be known as one of rare earth materials.

Total 15 rare earth oxides exist along with yttrium and scandium. Right here we will observe the total 17 rare earth elements and lately the rare earth news is just about the concern we encounter daily.

The experts are trying to puzzle out if these rare earth materials existed from the world. After that they are attempting to discover the geological origin of the planet. Many scientists are attempting to uncover whether aliens exist or otherwise from all of these RE elements. That's why the stock price of rare earth companies have been increased a lot nowadays and shortly you will surely understand more about them.

Different drilling programs of the rare earth are being introduced by mining companies due to the true value of rare earths, and the rare earth companies will generate more revenues. Rare earth materials are progressively being utilized in nowadays' batteries, Flat panel monitor, complex military weapons, hybrid cars and smart phones.

Nowadays, the Chinese contributes more than 90% of rare earths globally, but since 2011, the Chinese government has applied some restrictions on rare earth production to secure its future supplies. Exporting the rare earth to Japan and some other country is restricted and people think that they are using it as a political weapon.

There is some damage to our land by radioactive and toxic items due to producing rare earth metals. However, lots of mining companies with rare earth assets claim the production will only have minimum effect on environment and they will invent high-tech facilities to reduce the pollution.




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