Welcome to Australian Rare Earths
"Rare Earth Elements (REEs) can be regarded as the "vitamins" required for the shift from a carbon based economy to the new 21st century electron economy" -SLS 2008.
In two recent studies the United States Geological Survey (USGS) and European Union studies of mineral supply risk, REE in particular the "Heavy-REEs" rank highest as mineral raw materials of critical concern, given uncertain future supplies and their importance to advanced industrial economies. -USGS 2010.
As such the REE's are becoming increasingly important commodities that have major strategic and "green" energy implications.From 2013 it is possible that the light rare earths supply gap will be filled but as yet there is still a looming heavy rare earth supply deficit.
This importance was recognised by China's ex-premier Deng Xiaoping as far back as 1997 when he commented: "China would be for rare earth metals what the Middle East was to oil". Since then China has established in practical terms a monoply where it produces over 95% of the global supply. China's dominance is now being actively addressed with Australian and to a lesser extent Canadian and USA companies at the forefront.
About Australian Rare Earth Elements
Australia, the lucky energy country, is one of very few that has large supplies of Rare Earth Elements, both heavy and light, with several ASX listed companies having sizeable, rich, world class, deposits totalling around 1/3rd of the world's known resources.
At the moment (2012/13) we are seeing increasing opportunistic corporate activity, by and large emanating from China and more recently Japan and the USA, where cash strapped, resource rich, Australian ASX listed companies are seeing marked increases in overseas based companies on their share registers. However, as several ASX listed companies with substantial rare earth element deposits have been "front-running" the world's (ex-China) required REE supply increase, Australia will likely be the world's swing producer of both rare earth oxides and refined metals in 2013.
The situation outlined above has produced some wonderful investment opportunities, where investors , hopefully Australian based, on the back of recent marked falls in the light rare earths pricing may make useful gains.
Australian Rare Earths is an independent website dedicated to furthering research and discussion about Australian Rare Earth Elements exploration, mining, emerging export and (hopefully) downstream processing industry.