Now we are talking about Afghanistan's potential wealth even though Russia had done surveys years before. The news shows are mentioning there is a concern about who is going to profit from this discovery.
Then there was a time when the USA was producing rare earth metals used in magnets but cut back production because China could export cheaper. Now That China is developing, they have a greater need for their own use and it is reported that they are cutting back on exports.
How come I don't see anything about potential findings on our nearest neighbor in space, the "M...."?
http://lunar.arc.nasa.gov/
http://www.nasa.gov/mission_
- LRK -
-----------------------------------
http://www.pbs.org/newshour/
ON THE NEWSHOUR -- June 14, 2010
On Monday's NewsHour ...
By: News Desk
snip
MINERAL RESOURCES IN AFGHANISTAN | A U.S. geologic survey has uncovered at least $1 trillion in untapped mineral deposits in Afghanistan. Margaret Warner talks to New York Times reporter James Risen on what the valuable natural resources could mean for the Afghan economy and the ongoing war with the Taliban.
RARE EARTH MINERALS AND TECHNOLOGY | Correspondent Kira Kay reports on the hunt for the rare earth metals, elements found almost exclusively in China, that are key to the U.S.'s emerging green technologies, despite their short supply.
snip
------------------------------
The New York Times article.
- LRK -
------------------------------
http://www.nytimes.com/2010/
U.S. Identifies Vast Mineral Riches in Afghanistan
By JAMES RISEN
Published: June 13, 2010
WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.
The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.
snip
------------------------------
I watched the few seconds Jack Lifton was on. He is concerned that there is now a shortage of rare earth materials that are needed in many applications.
- LRK -
------------------------------
http://seekingalpha.com/
Jack Lifton will be on the PBS New Hour Tonight, June 14, 2010
Jun 14, 2010 2:47 PM
I have just been informed that tonight's News Hour with Jim Lehrer will have a segment on rare elements that will include footage from the six hours of taping that a documentary crew did of me speaking in Los Angeles, Boston, and Beijing.
Let's see how many seconds of coverage come from six hours of taping.
I hope I do a credible job; I have not seen the segment nor have I seen any of the video tape.
snip
------------------------------
Comments by Jack Lifton last year.
- LRK -
------------------------------
http://seekingalpha.com/
Rare Earth Metals: A China Price
by: Jack Lifton November 15, 2009
Today's Wall Street Journal has an article entitled: "China Starts New iron-Ore Talks." The article brings up the possibility that the Chinese market, the world's largest, by far, buyer of iron ore, may well be serviced with a "China price." This would be a price lower than that charged by the cartel of iron-ore miners, Anglo- Australia's BHP and Rio Tinto (RTP) and Brazil's VALE, which controls 70% of the world's iron-ore production, to its largest customers outside of China.
I am predicting that this "China pricing" will indeed come into being, and that China will reciprocate by bringing into being a two-tiered pricing for metals within its control, in the production of which it dominates the world, the first of which could well be the rare earth metals. I predict that metals in which China dominates world production will be sold for la lower price within China that they are sold in the rest-of-the-world market.
A lower price charged to Chinese customers, producing products for the Chinese domestic market, for rare earth metals produced in China will mean that Chinese manufacturers of end use products critically dependent on the rare earth metals will be able to continue producing those products for the Chinese domestic market without a cost penalty. Any rare earth metals still exported from China or produced outside of China will be able to be sold for much higher prices in the non-Chinese market.
snip
------------------------------
Rare earth elements.
- LRK -
------------------------------
http://en.wikipedia.org/wiki/
Rare earth element
As defined by IUPAC, rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium, and the fifteen lanthanides.[1] Scandium and yttrium are considered rare earths since they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties.
The term "rare earth" arises from the rare earth minerals from which they were first isolated, which were uncommon oxide-type minerals (earths) found in Gadolinite extracted from one mine in the village of Ytterby, Sweden. However, with the exception of the highly-unstable promethium, rare earth elements are found in relatively high concentrations in the earth's crust, with cerium being the 25th most abundant element in the earth's crust at 68 parts per million.
snip
------------------------------
Good news, bad news, and what is talked about on the news, hmmm, any political overtones?
Naw, no way, tsch, tsch.
- LRK -
------------------------------
http://www.dailytech.com/
China's Stranglehold on Rare Earth Metals Could Choke EV, Hybrids
Jason Mick (Blog) - April 30, 2010 11:41 AM
China outguessed the U.S. when it came to rare earth metals -- it may take 15 years to bring U.S. mines online
The auto industry seems to be moving towards embracing hybrids and electric vehicles. One needs only look at examples like the 2011 Nissan LEAF and 2011 Chevy Volt, or the the new Chevy Volt MPV5 EV-crossover concept.
However, there's growing concern that the industry is casting a rather blind eye to what exactly the impact of its leap might be. While about a third of U.S. oil comes from unstable regions like Nigeria and the Middle East, EVs present perhaps an equally challenging geopolitical resource problem.
According to Robert Bryce, author of the book "Power Hungry: The Myths of ‘Green’ Energy and the Real Fuels of the Future", the current third-generation Toyota Prius uses 25 lbs. (11 kg) of expensive rare-earth metals -- approximately twice the amount found in a standard vehicle.
snip
------------------------------
Rare earth element
稀土元素
Thanks for looking up with me.
- LRK -
===========================================
WHAT THE MIND CAN CONCEIVE, AND BELIEVE, IT WILL ACHIEVE - LRK
==============================
ON THE NEWSHOUR -- June 14, 2010
On Monday's NewsHour ...
By: News Desk
snip
MINERAL RESOURCES IN AFGHANISTAN | A U.S. geologic survey has uncovered at least $1 trillion in untapped mineral deposits in Afghanistan. Margaret Warner talks to New York Times reporter James Risen on what the valuable natural resources could mean for the Afghan economy and the ongoing war with the Taliban.
RARE EARTH MINERALS AND TECHNOLOGY | Correspondent Kira Kay reports on the hunt for the rare earth metals, elements found almost exclusively in China, that are key to the U.S.'s emerging green technologies, despite their short supply.
snip
------------------------------
The New York Times article.
- LRK -
------------------------------
http://www.nytimes.com/2010/
U.S. Identifies Vast Mineral Riches in Afghanistan
By JAMES RISEN
Published: June 13, 2010
WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.
The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.
snip
------------------------------
I watched the few seconds Jack Lifton was on. He is concerned that there is now a shortage of rare earth materials that are needed in many applications.
- LRK -
------------------------------
http://seekingalpha.com/
Jack Lifton will be on the PBS New Hour Tonight, June 14, 2010
Jun 14, 2010 2:47 PM
I have just been informed that tonight's News Hour with Jim Lehrer will have a segment on rare elements that will include footage from the six hours of taping that a documentary crew did of me speaking in Los Angeles, Boston, and Beijing.
Let's see how many seconds of coverage come from six hours of taping.
I hope I do a credible job; I have not seen the segment nor have I seen any of the video tape.
snip
------------------------------
Comments by Jack Lifton last year.
- LRK -
------------------------------
http://seekingalpha.com/
Rare Earth Metals: A China Price
by: Jack Lifton November 15, 2009
Today's Wall Street Journal has an article entitled: "China Starts New iron-Ore Talks." The article brings up the possibility that the Chinese market, the world's largest, by far, buyer of iron ore, may well be serviced with a "China price." This would be a price lower than that charged by the cartel of iron-ore miners, Anglo- Australia's BHP and Rio Tinto (RTP) and Brazil's VALE, which controls 70% of the world's iron-ore production, to its largest customers outside of China.
I am predicting that this "China pricing" will indeed come into being, and that China will reciprocate by bringing into being a two-tiered pricing for metals within its control, in the production of which it dominates the world, the first of which could well be the rare earth metals. I predict that metals in which China dominates world production will be sold for la lower price within China that they are sold in the rest-of-the-world market.
A lower price charged to Chinese customers, producing products for the Chinese domestic market, for rare earth metals produced in China will mean that Chinese manufacturers of end use products critically dependent on the rare earth metals will be able to continue producing those products for the Chinese domestic market without a cost penalty. Any rare earth metals still exported from China or produced outside of China will be able to be sold for much higher prices in the non-Chinese market.
snip
------------------------------
Rare earth elements.
- LRK -
------------------------------
http://en.wikipedia.org/wiki/
Rare earth element
As defined by IUPAC, rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium, and the fifteen lanthanides.[1] Scandium and yttrium are considered rare earths since they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties.
The term "rare earth" arises from the rare earth minerals from which they were first isolated, which were uncommon oxide-type minerals (earths) found in Gadolinite extracted from one mine in the village of Ytterby, Sweden. However, with the exception of the highly-unstable promethium, rare earth elements are found in relatively high concentrations in the earth's crust, with cerium being the 25th most abundant element in the earth's crust at 68 parts per million.
snip
------------------------------
Good news, bad news, and what is talked about on the news, hmmm, any political overtones?
Naw, no way, tsch, tsch.
- LRK -
------------------------------
http://www.dailytech.com/
China's Stranglehold on Rare Earth Metals Could Choke EV, Hybrids
Jason Mick (Blog) - April 30, 2010 11:41 AM
China outguessed the U.S. when it came to rare earth metals -- it may take 15 years to bring U.S. mines online
The auto industry seems to be moving towards embracing hybrids and electric vehicles. One needs only look at examples like the 2011 Nissan LEAF and 2011 Chevy Volt, or the the new Chevy Volt MPV5 EV-crossover concept.
However, there's growing concern that the industry is casting a rather blind eye to what exactly the impact of its leap might be. While about a third of U.S. oil comes from unstable regions like Nigeria and the Middle East, EVs present perhaps an equally challenging geopolitical resource problem.
According to Robert Bryce, author of the book "Power Hungry: The Myths of ‘Green’ Energy and the Real Fuels of the Future", the current third-generation Toyota Prius uses 25 lbs. (11 kg) of expensive rare-earth metals -- approximately twice the amount found in a standard vehicle.
snip
------------------------------
Rare earth element
稀土元素
Thanks for looking up with me.
- LRK -
===========================================
WHAT THE MIND CAN CONCEIVE, AND BELIEVE, IT WILL ACHIEVE - LRK
==============================
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