What is rare earth used for?

What is rare earth used for?

“Rare-earth elements (REEs) are used as components in high technology devices, including smart phones, digital cameras, computer hard disks, fluorescent and light-emitting-diode (LED) lights, flat screen televisions, computer monitors, and electronic displays.

Which country has the most rare-earth metals?

China tops the list for mine production and reserves of rare earth elements, with 44 million tons in reserves and 140,000 tons of annual mine production.

What are rare-earth metals called?

The rare-earth elements (REE), also called the rare-earth metals or (in context) rare-earth oxides, or the lanthanides (though yttrium and scandium are usually included as rare-earths) are a set of 17 nearly-indistinguishable lustrous silvery-white soft heavy metals.

How much is rare earth worth?

The estimated value of rare-earth compounds and metals imported by the United States in 2019 was $170 million, an increase from $160 million in 2018.

Is lithium rare earth?

A lot of these warnings have been incorrectly categorized under “EVs and rare earth metals.” Though neither lithium nor cobalt are rare earth metals, and rare earth metals aren’t nearly as rare as precious metals like gold, platinum, and palladium, there are important issues surrounding the production of lithium-ion …

Does India have rare earth metals?

Our production capacity is severely limited. In fact, despite having more ore than the US, India only mined 3,000 tonnes of rare earths in 2020 while the western nation mined 38,000 tonnes.

Which metal is found only in India?


Mineral Quantity Mineral type
Copper 3.9 Metallic mineral
Gold 1594 Metallic mineral
Iron ore 156 Metallic mineral
Lead 145 Metallic mineral

What’s the cost of dysprosium?

In 2020 the price of dysprosium oxide was 260 U.S. dollars per kilogram. There are 17 rare earth elements and although they are fairly abundant in the Earth’s crust, often they occur at sparse intervals are are less economically exploitable.

How much is Cerium worth?

Current prices of rare earths

Commodity Specification Price in USD
Cerium carbonates TREO 45% min, CeO2 / REO 100% EXW China 1481-1553
Cerium carbonates TREO 45% min, CeO2 / REO 100% FOB China 1820-1920
Cerium metal 99% min EXW China 5154-5299
Cerium metal 99% min FOB China 5.4-5.5