The Elements of Innovation Discovered
The Elements of Innovation Discovered
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The $740.5 billion National Defense Authorization Act for Fiscal Year 2021 passed by Congress last week instructs the Pentagon to secure domestic and allied sources of strategic minerals and metals. "The COVID-19 pandemic has highlighted the striking vulnerabilities and gaps in our domestic supply chains, and the need to invest in critical mineral manufacturing and processing has taken on a new urgency," said Sen. Dan Sullivan, R-Alaska, who authored two amendments addressing...
Rare earths and battery metals market expert Adamas Intelligence forecasts that demand for the magnet rare earths – neodymium, praseodymium, and dysprosium – will falter slightly this year due to COVID-19 before rising sharply over the balance of the decade. Electric vehicles, wind power generators, consumer appliances, cordless power tools, speakers and dozens of other modern devices benefit from the unmatched power and durability of rare earth magnets. A lessened demand for...
With the commissioning of a pilot plant in Colorado now underway, USA Rare Earth LLC is one step closer to producing rare earth elements on American soil. Based in New York City, USA Rare Earth has set in motion a strategy to establish a completely domestic supply chain for rare earth magnets, which are essential for wind turbines, electric vehicles, smartphones, military hardware, advanced medical devices, and the physical backbone of emerging 5G networks. A key facet of...
U.S. Department of Energy is funding up to $18 million for basic research aimed at helping to ensure the continued availability of rare earth elements, or effective substitutes, critical to the functioning of the modern U.S. economy. Rare earth elements such as neodymium, praseodymium, lanthanum and others are vital to a host of contemporary technological and industrial applications, ranging from magnets in electric motors and wind turbines, to speaker and other components in...
The United States depends on foreign countries for more than 50 percent of its supply of 31 minerals considered critical to the nation's economic wellbeing and national security, including 100 percent import-reliant for 14 of them, according to Mineral Commodity Summaries 2020, a recent U.S. Geological Survey report. The list of mined commodities for which the U.S. is fully reliant on foreign nations for its supply is littered with high-tech minerals and metals needed for rene...
Ucore Rare Metals Inc. wants to provide the Pentagon with an American source of rare earth elements, vital ingredients to a wide array of U.S. military hardware, from helmet mounted radios to laser guided missiles. While essential to national defense, the U.S. currently depends on foreign countries for 100 percent of its supply of rare earths. And more than 80 percent of these critical metals are imported from China, either directly or via secondary countries. As part of a...
American mines produced roughly 26,000 tons of rare earth during 2019, a 44 percent increase over 2018, yet the United States is 100 percent reliant on foreign countries for its supply of these 17 elements vital to our modern high-tech society. This apparent paradox speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except promethium...
Roughly 38,000 metric tons of rare earth concentrates were produced from American soil during 2020, yet the United States remains 100% reliant on foreign countries for its supply of these 17 elements critical to our modern high-tech society – an apparent paradox that speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except p... Full story
Ucore Rare Metals Inc. says the COVID-19 pandemic shines a spotlight on the need for a domestic supply of rare earth elements and other critical minerals and the company continues to make headway toward helping to fill that supply with its mine-to-metal-to-market "M3" strategy. "The current crisis underscores the extremely vulnerable nature of critical materials supply chains in the U.S. globalization and single-source foreign dependencies are not mitigating this risk – t... Full story
