Menu
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real
Menu
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real
Menu
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real

Home / category / World

World

Australia Challenges China As A Market Leader In Mining For Rare Earth Metal

October 25, 2022

In Central Australia’s red dust, a mining firm Arafura has been planning to build a mine to process a facility to sort elements. The place is located 80 miles north of Alice Springs. The Nolans project, as it is called, will be in one of the driest and hottest parts of the country. 

Arafura’s Mining Project

Despite the extreme conditions, Arafura thinks that investing there is a good idea. The mine and processing facility will be able to satisfy 5% of the global demand for praseodymium and neodymium. These minerals are high-power magnets and crucial to the electronics industry. Terbium, europium, and other rare metals that were never heard of are now vital components in manufacturing wind turbines, phone touch screens, and other modern technologies. The mining industry producing these elements is dominated by China, but trade and geopolitical forces are at work to reshape the international market.

Peter/Pexels | Rare earth metals are mined by Arafura from Australia.

Australia: Leading Coal Miner

Australia is a superpower in exporting coal and iron ore and believes it is capable of providing minerals that are vital components in the manufacturing of wind turbines and electric vehicles. Gavin Lockyer, Managing Director of Arafura, says that this can be a game changer for Australia, which is already started producing rare earth elements. He added that the success of this project could put Australia upfront in the renewable sector. He further said that it’s easy to discover the deposits of a rare metal however it is difficult to find metal deposits that have economic value.

Dids/Pexels | The rare metals have many commercial uses.

There are dozens of elements in the periodic table, but most are available in a fair amount across the earth’s crust. On the other hand, rare earth metals are found in limited quantities and have magnetic, electric, catalytic, nuclear, and luminescent properties. Due to its properties, it is used in magnets, metal alloys, batteries, catalytic converters, medical imaging, and many other things. In the present time of menace, rare but valuable metals have great value as they can be used in jets, missiles, and drones. Lynas Rare Earths has contracted the United States Department of Defence to build a processing facility in the US to reduce its dependence on China for strategic minerals. This way, Australia is looking forward to meeting the earth's needs of the US. Jennifer Granholm, US Energy Secretary, warned at a conference that China is a significant footing in the field of renewable energy and supply chains. 

Karolina/Pexels | Australia can reduce countries’ dependency on China’s rare metals,

China is a major exporter of rare earth metals. Hence, it tends to exploit the market this way. In 2010 there was a collision between Japanese patrol boats and Chinese fishermen near a disputed area. Beijing controls the supply of rare metals to the world. After this incident, the Chinese government stopped the supply of rare metals to the Japanese government as a result of the dispute. Since then, countries have noticed that it is a risk to depend on one producer for essential earth metals. Australia has the companies and capital investment that is needed to diversify the supply chain. Due to a recent Chinese threat to limit rare earth metals to the US, Australia has decided to intervene by providing the earth metals needed.

 

PrevPrevious Article
Next ArticleNext
WEEKLY POPULAR

Here’s Absolutely Everything We Love About LGBTQ Fashion

Bennifer Get All Cozy While Grabbing Lunch With Kids

Looking for a LGBT- Friendly Pediatrician? Here’s How to Spot an Ally

Mexico Has Become The New Hot Spot as Americans Look For a Vacation Spot

Read More
Travel

Travel Hacks: Save Money On Your Next Adventure Travel With These Tips

Are you someone who loves traveling? Wandering in the wilderness...
Travel

In The Wild, There Are Still Some Who Take the Road Without a Plan Other Than a Thumb and A Prayer

Whenever i come across a hitchiker on the road, the...

Acerca De Nosotros

Conseguir los trabajos mejor pagados del año, aprender cómo hicieron...
LGBTQI+

Gender Identity: What Does The New Letter ‘E’ Mean In LGBTQI+?

Gender identity has been on trend for the last couple...
1 2 … 19 Next »
Travel

Travel Hacks: Save Money On Your Next Adventure Travel With These Tips

Are you someone who loves traveling? Wandering in the wilderness...
Travel

In The Wild, There Are Still Some Who Take the Road Without a Plan Other Than a Thumb and A Prayer

Whenever i come across a hitchiker on the road, the...
LGBTQI+

Gender Identity: What Does The New Letter ‘E’ Mean In LGBTQI+?

Gender identity has been on trend for the last couple...
Free & Real

DIY Car Modifications That You Can Do at Home

Want to personalize your vehicle without breaking the bank? Fortunately,...
World

World Food Prices Have Dropped For The Fifth Consecutive Month Says FAO

Earlier this year, the world was met with the shocking...
Travel

The Best Places To Visit In The United States

Since the COVID-19 pandemic hit, the majority of borders around...
  • Privacy Policy
  • Contact Us
  • About Us
  • Terms Of Use
Menu
  • Privacy Policy
  • Contact Us
  • About Us
  • Terms Of Use
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real
Menu
  • LGBTQI+
  • Fashion
  • World
  • Travel
  • Free & Real

Follow us

Copyright © 2020 tuzzy.com

  • Privacy Policy
  • Contact Us
  • About Us
  • Terms Of Use
Menu
  • Privacy Policy
  • Contact Us
  • About Us
  • Terms Of Use

Copyright © 2020 tuzzy.com