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Main ForumRare Earths Heads up from United States Geological Survey (buy LYC and ALK)

  • metals-criticality-index-for-metals-supply-risk.gif
    In two recent studies the USGS and European Union studies of mineral supply risk, REE rank highest as mineral raw materials of critical concern, given uncertain future supplies and their importance to advanced industrial economies.

    "It should be noted, however, that the most advanced REE projects other than Mountain Pass, California, namely Mount Weld and Dubbo* in Australia, have required years of metallurgical testing and development" from USGS 2010 Survey

    Mount Weld -Lynas Corp ASX: LYC | Dubbo - Alkane Resources ASX: ALK

    "United States domestic reserves and inferred resources of REE are approximately 1.5 million tons, which are large compared with peak domestic consumption of REE of 10,200 tons in 2007 (U.S. Geological Survey, 2010). How much of that reserve and resource will be economically available, when, and at what rate, cannot be addressed with the data at hand. It can be said that the reserves and inferred resources reported in table 10 are of light REE and that these two potential mines may not be able to meet domestic needs for heavy REE with the production plans currently (2010) proposed. The pipeline of new REE projects within the United States is rather thin, with 10 out of 150 REE exploration projects identified worldwide. If we extend our analysis to reliable trading partners, such as Australia and Canada, prospects for diversifying supply and meeting future demand are considerably improved. Unfortunately, the time required for development of new REE mines is on the order of at least a decade, perhaps much longer in the United States, and forecasting future supply that far into the future is hazardous."

    See http://www.australianrareearths.com/Known-REEs-resources-reserves for more information.

    (I hold: LYC, GGG, ALK)

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