News Focus
News Focus
icon url

risk on

07/28/12 1:14 AM

#68240 RE: falon #68231

WHAT MAKES SNEY REE CONCENTRATES SO VALUABLE ?

1) High demand: An increasing global demand for new products and emerging technologies that use rare earth elements (REE).

2) Uncertain supply:
China, the world's largest source of rare earth materials at the present time, has begun to reduce quotas on its REE exports, combat smuggling and also close some of its major mines. Currently, China provides over 90 percent of the world's total output of rare earths.

3) No substitutions: The unique electronic, optical and magnetic characteristics of these elements cannot be matched by any other metals or synthetic substitutes.

Combined, these three factors have raised a growing level of concern that other rare earth mining sites need to be found outside of China, explored and brought online in short order.

The U.S. Department of Energy is anticipating a critical shortage of 5 rare earth elements necessary for green technology development and construction.

These REE are: neodymium, europium, terbium, dysprosium and yttrium.

Already it's believed that the United States and several other countries are beginning to stockpile their reserves of REE in anticipation of these anticipated shortages.
Why Are Rare Earths Considered More Valuable?


WHAT ARE THE ELEMENTAL MAKEUP OF THE SNEY REE CONCENTRATES ?

SNEY HAS DETAILED ASSAYS THAT SHOW THE RARE EARTH ELEMENTS CONTAINED WITH IN, and the CORRESPONDING % MAKE UP OF THE ASSAYED SAMPLES

HERE THEY ARE:

Ce > 8748 > 0.875% > 17.50 >

*Dy 149 0.0149% 0.295 HIGH DEMAND* ( HREE)

Eu 42.5 0.0042% 0.085 HIGH DEMAND

*Gd > 491 > 0.049% > 0.983 (HREE)

Hf 1689 0.169% 3.38

*Ho 24.6 0.0025% 0.049 (HREE)

La 6022 0.602% 12.04

*Lu 15.37 0.0015% 0.031 (HREE)

Nb 2661 0.266% 5.61

Nd 4523 0.45% 9.05 HIGH DEMAND

Pr > 864 > 0.086% > 1.73 >

Sm > 557 > 0.056% >

*Tb 42.8 0.0043% 0.086 HIGH DEMAND (HREE)

*YB 83.8 0.0084% 0.167 HIGH DEMAND
(HREE)

*Er 83.4 0.0083% 0.167 (HREE)

Despite all the macroeconomic doom and gloom, the fundamentals in the *critical heavy rare earths* forecasts a supply shortfall in the short term.
How are China’s policies affecting REE markets today?
The U.S. Geological Survey (USGS) came out with an estimate of global rare earth oxide (REO) reserves in 2011. It had China around 55 million tons [[Mt]], about 48.3% of global reserves. China came out with a report recently that indicates it will run out of critical heavy rare earth elements [[HREEs]] and that the country’s reserves are being depleted rapidly due to an exponential rise in demand.

China is saying to the world that it needs the juniors[/b]—and that is the truth. There won’t be access forever to an abundant supply of cheap HREEs. China is saying, “We’ll help you. We’ll help you get the juniors. We’ll give you technology and expertise.”
That’s really what it is going to come down to. Twenty years ago, these metals were not as scarce. Outside of China, there is little or no domestic REE supply being produced today, and it appears we are still years away from producing HREEs.