One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies. Know more:
Rare earths are a group of minerals used in the manufacture of electric vehicles, wind turbines, electronics, robots and other machinery. China currently dominates global production, processing about 85% of the world’s rare earths, but skyrocketing demand is pushing companies to look for other sources., the rare earths processor, said Monday it plans to develop the Sarfartoq deposit in southwest Greenland and will send the ore to its facility in Estonia in Eastern Europe.
Meanwhile, supplies of rare earths have shrunk, and some mines are raising ethical and environmental concerns. Mining rare earths is a dirty business when done cheaply, and China, the world’s largest miner, has shuttered many mines in recent years to curb environmental damage. Karayannopoulos said that in Greenland, the company plans to dig up rock, crush it and do basic processing that does not involve the use of damaging chemicals. The ore will be then shipped to Estonia, where it will be further processed into a form that can be used to make magnets.voters put in power a left-leaning government that blocked development
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