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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST

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To: Snowshoe who wrote (53721)8/20/2009 2:26:37 AM
From: energyplay  Read Replies (2) of 217699
 
Unlike platinum and some other metals, rare earths are not really rare. They are not well concentrated (usually) but most of the time people have not looked for rare earths. They had almost no value until well after WWII.

Biggest use before WWII - flints for cigarette lighters.
Figure about 6 flints per year at 2 cents each times 150 million lighters world wide - wow, that's 3 million a year(retail). Tell the copper barons to watch out !

en.wikipedia.org

We can expect many of the old mines to be re started, and a sort of "library exploration" of the many pegmatites that get noted in geology reports, sampled once, then ignored. Exploration for rare earth bearing clays (along with lithium bearing clays) will expand, made much easier with XRF detection instead of complex chemical analysis.

Bottom line, too much tightness by China pushing the price could attract much more activity, resulting in an end to the monopoly pricing. There is a huge barrier to starting a new REE mine - will China push prices high enough to make new mines feasible ?
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