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catoismymotor (< 20)

U.S. Sitting on Mother Lode of Rare Tech-Crucial Minerals

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March 09, 2010 – Comments (5)

From Yahoo News

U.S. Sitting on Mother Lode of Rare Tech-Crucial Minerals

Jeremy Hsu
TechNewsDaily Contributor

China supplies most of the rare earth minerals found in technologies such as hybrid cars, wind turbines, computer hard drives and cell phones, but the U.S. has its own largely untapped reserves that could safeguard future tech innovation.

 

Those reserves include deposits of both "light" and "heavy" rare earths - families of minerals that help make everything from TV displays to magnets in hybrid electric motors. A company called U.S. Rare Earths holds the only known U.S. deposit of heavy rare earths with a concentration worth mining, according to a recent report by the U.S. Geological Survey (USGS).

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5 Comments – Post Your Own

#1) On March 09, 2010 at 1:55 PM, mudman90039 (< 20) wrote:

This was interesting and America is blessed with so many different resources.  However, as you can imagine the environmental impacts of mining and the toxic waste is a HUGE factor.  We can't even handle the toxic stuff from current mining of coal and minerals, it seeps into ground water and makes wasteland that the companies keep under closed gates and access.

Take a look at the fact that China is now  the most polluted country in the world because they don't have regulations and environmental impact reports. Remember the summer olympics where they couldn't do sailing because the oceans had an algal bloom of such huge magnitudes?

Yes I"m an environmentalist, If we don't have clean air and water we spoil our only planet and it can't be cleaned up. Go forth with caution and consider these resources as money in the bank in the future. Resources are to be used wisely with billions of people, Past history has shown that spoiling areas and wasting resources created declines in civilizations.

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#2) On March 09, 2010 at 4:29 PM, branwann (30.97) wrote:

saw this today too, is this company even public or is this a gov't owned entity?

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#3) On March 09, 2010 at 4:35 PM, catoismymotor (< 20) wrote:

#2 - I have no idea. It might be worth researching due to the alleged moat given in the story.

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#4) On March 09, 2010 at 5:16 PM, Donnernv (< 20) wrote:

An interesting play is LYSCY.  Read the history and where they are now.  Volatile as hell, but a great future.

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#5) On March 09, 2010 at 5:21 PM, Donnernv (< 20) wrote:

Jim Jubak picks it here.  Good summary.

http://jubakpicks.com/2009/11/06/buy-lynas-lyscy-pk/

 

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