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View Full Version : China has started stockpiling the "critical" Heavy Rare Earths


Sparty
07-10-2012, 07:04 AM
China has started stockpiling rare earth metals for the first time in a move that is likely to have a knock-on effect on the production of renewable energy technologies.


The state-run China Securities Journal reported last week that the government was awarding state funds for the strategic purchase of certain oxides, said to include four of the most critical elements in terbium, dysprosium, europium, and yttrium.


Fortunately the world has some new heavy rare earth deposits that will be mined within a couple of years. In particular Australia's ALKANE RESOURCES (ASX: ALK) has relatively large amounts of these, along with Hasting's Rare Metals Ltd ASX: HAS. Alkane is only a year or so away from becoming a supplier whereas HAS is somewhat further down the track as are the Canadian and USA H-REE plays.


http://www.australianrareearths.com/images/criticality-matrix.gif


Alkane Resources' Resource:
http://www.australianrareearths.com/images/alk-terbium-dysprosium.gif (http://www.australianrareearths.com/known-rees-resources-reserves.html)