Modern society, and the clean energy revolution, depend on rare earth elements. Can Greenland help break China’s stranglehold on the market?
54 reposts214 likes
Modern society, and the clean energy revolution, depend on rare earth elements. Can Greenland help break China’s stranglehold on the market?
54 reposts214 likes
Greenland’s ice cap is losing 270 billion tons of ice per year (2002-2023) as winter snowfall cannot offset extreme summer heat. This fuels global sea level rise (0.25 inches per year)—and if it all melts, seas could rise 23 feet.
But underneath all that melting ice is something the whole world wants: the rare earth elements that make modern society—and the clean energy revolution—possible. That could soon turn Greenland, which has a population size similar to that of Casper, Wyoming, into a mining mecca.
There was an ree “boom” about 4 years ago when China started messing with supply. www.sciencedirect.com/science/arti...
The issues with REE isn’t a lack of deposits. 1) China controls the market and can manipulate prices to keep competitors out of the market, 2) the metallurgy is complex 3) the supply chain needs to be established outside of China www.src.sk.ca/blog/buildin...