Posted on 06/21/2024 11:19:55 AM PDT by Red Badger
At the height of the American war machine’s realization that China controls nearly all of its raw materials, two new developments in Europe now suggest that the West has a fighting chance to secure critical metals for the future: A major discovery in Norway, and a potentially game-changing acquisition in Greenland.
In mid-June, Norwegian mining company Rare Earths Norway unveiled one of the largest deposits of rare earth elements in Europe in the Fen Carbonatite Complex in the country’s south. That discovery followed a vote in Norwegian parliament that paved the way for offshore, deep-sea mining of rare minerals in the country’s remote northern waters, Fortune magazine reported, making this the first country in Europe to allow such seabed mining activities. At the same time, Critical Metals Corp announced an acquisition deal for what it believes is the largest critical metals deposit in the world, in Greenland.
On June 10, Critical Metals Corp signed an agreement to acquire a controlling interest in Greenland’s Tanbreez project, which it says is the largest rare earth deposit in the world. Once operational, CRML expects it to supply Europe and North America. And on June 18 the company announced it had completed its initial investment for the Tanbreez acquisition, lending more confidence to the deal and further de-risking the transaction, according to a company press release.
Tanbreez is said to have over 28 million tonnes of total rare earth oxides, the company estimates internally, and nearly 30% of that is the most coveted “heavy” rare earth elements (HREE).
(Excerpt) Read more at oilprice.com ...
So they can destroy the planet for batteries.
The rare metals are for batteries for the electric vehicles that no one is buying....
Well, this project is in Greenland, which is not exactly a garden spot.
I believe a certain President wanted to buy Greenland in 2018.
Now we know why.
And in other news incredibly rare endangered three speckled titmouse only lives where rare earth mineral deposits are discovered.
😆
“The rare metals are for batteries for the electric vehicles that no one is buying....”
The world’s best selling car id an EV.
I may be mistaken, but I think “rare earth” minerals are important in applications beyond just electric car batteries. They’re also used for micro-chips and other types of applications. I also think we have domestic sources that we refuse to mine.
“ At the height of the American war machine’s realization that…”
No bias in this article. Lol.
This is how articles in Rebolutionary Worker started.
.
China and the Congo do not have this governmental restrictions.
Lithium and cobalt is extremely toxic. The long term birth defects alone would be more than most corporations want to be exposed to the potential tort liability.
Plus China now controls so much of the production of these two that they can purposely overproduce the market just to eliminate the competition. This seems to be the case with the cobalt mine in Idaho that opened then closed a few years back.
The majority of the worlds nickle comes from Indonesia and the Philippians.
The majority of the worlds copper comes from Chile and Peru.
One of those two companies nationalized the production because they were concerned China would come in and buy up all the mines like they did in the Congo.
Except that EV’s ARE DEAD...the FAD is OVER!
“The rare metals are for batteries for the electric vehicles that no one is buying....”
“The world’s best selling car id an EV.”
And you can’t give them away. Hertz just sold their entire fleet of practically new Teslas in a FIRE SALE for $30,000 each. ALSO, 65% of EV owners say they will never buy another one.
” Hertz just sold their entire fleet of practically new Teslas in a FIRE SALE “
Not true.
Yes, but the average car battery pack is 2000-4000 pounds of mainly lithium
I read the article. About 10 days ago.
Oh, ok.
“Lithium and cobalt is extremely toxic. The long term birth defects alone would be more than most corporations want to be exposed to the potential tort liability.”
-—————Top ten biggest lithium mines in the world—————————
2. Thacker Pass Lithium Project – 179.4Mt
Thacker Pass Lithium Project is being developed in two stages. Image courtesy of Lithium Americas Corp.
The Thacker Pass lithium project is located in Humboldt County, Nevada, US. It is 100% owned and operated by Lithium Americas.
https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/?cf-view
https://www.bloomberg.com › news › newsletters › 2024-01-12 › hertz-s-tesla-fire-sale-portends-ev-reckoning-no-one-wants
Hertz’s Tesla Fire Sale Portends EV Reckoning No One Wants
https://www.msn.com › en-us › money › companies › ev-slump-hertz-fire-sale-take-used-teslas-to-no-haggle-25-000-price › ar-BB1nKObt
EV slump, Hertz fire sale take used Teslas to ‘no haggle’ $25,000 ... - MSN
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