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Rare Earth elements are a group of metals that are important to the green economy, and the mining area is becoming more and more important.
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This infographic with data from the United States Geological Society (USGS) reveals the countries with the largest known reserves of rare earth elements (REE).
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REE, also known as rare earth metals or rare earth oxides or lanthanides, is a set of seventeen silvery-white soft heavy metals.
The 17 elements of the earth are: lanthanum (La), cerium (Ce), praseodium (Pr), neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb). ), dysprosium (De), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), scandium (Sc), and yttrium (Y).
Scandium and yttrium are not part of the lanthanide family, but the latter workers include them because they often occur in the same minerals as the lanthanides and have similar chemical properties.
The term “rare earth” does not have a name because rare metals are abundant in soil. However, they are rarely found alone in large, deep deposits, but instead are found in other materials.
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Many of the rare earth elements find their use in conventional and low-carbon technologies such as catalysts and magnets. Other important uses of rare earth elements are in the production of special metal alloys, glass and high-performance electronics.
Alloys of neodymium (Nd) and samarium (Sm) can be used to make strong magnets that can withstand high temperatures, making them ideal for a variety of mission critical electrical and defense applications.
The strongest magnet known is an alloy of neodymium with iron and boron. The addition of other REs such as dysprosium and praseodymium can change the performance and properties of the magnet.
These magnets and materials are needed for hybrid and electric vehicle engines, generators in wind turbines, hard disks, portable electronics and mobile phones. This work in technology makes their mining and refining the concern of many countries.
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For example, one megawatt of wind power requires 171 kilograms of rare earth, one F-35 fighter jet of the U.S.
China leads the list of mining production and rare earth reserves, with 44 million tons of minerals and 140,000 tons of annual mining output.
While Vietnam and Brazil have the second and third highest reserves of iron ore in the world, with reserves of 22 million tons and 21 million tons, respectively, their mining production is among the lowest in the world, with only 1,000 tons each.
While the United States has millions of tons in reserves, it is largely dependent on imports from China for refined rare earths.
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In a rare earth industry, China’s dominance is no accident. Years of research and industrialization have helped the country to make a better place in the market, and now the country has the power to control the production and global availability of these precious metals.
Because of this tight control over the supply of these precious metals, the country is looking for its own. With the start of mining operations in other countries, China’s share of global production has fallen from 92% in 2010 to 58%.
As the demand for REE grows, the world will need to manage these reserves. This graphic may provide clues to the next source of rare earth objects.
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Periodic Table of Energies The 90 different elements make up the building blocks of everything on Earth. Some are in use, and may soon be in danger.
This overview, created by the European Chemical Society (EuChemS), shows the periodic table of these 90 different substances, clarifying which ones are in abundance and which are at greatest risk by 2021.
On the graphic, the position of each element is related to the number of atoms on a logarithmic scale. Color-coding indicates whether each item is complete, or an item is missing, based on current usage levels.
While these elements are not removed by technology and instead metamorphose (with the exception of helium, which rises and escapes from the Earth’s atmosphere), others are used more quickly, where they can be very few.
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One thing worth pointing out is graphic carbon, which is three different colors: green, red, and dark brown.
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Mines Mapped: The 10 Largest Gold Mines in the World and Gold mining companies that produced more than 3,500 tons of gold in 2021. What are the largest gold mines in the world?
Gold mining is a global business, and hundreds of mining companies are mining this precious metal in many countries.
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The infographic above uses data collected from S&P Global Market Intelligence and company reports to map the top 10 top-producing gold mines in 2021.
Editor’s note: The article uses production data available globally from the World Gold Council to calculate the production rate of each mine. The percentages differ slightly from those calculated by the S&P.
The 10 largest gold mines are located in nine different countries in North America, Oceania, Africa and Asia.
The share of global gold production is based on 3,561 tonnes (114.5 million troy ounces) of production for 2021, according to the World Gold Council.
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In 2019, two of the world’s largest gold miners—Barrick Gold and Newmont Corporation—announced a historic merger, combining their operations in Nevada. The combined company, Nevada Gold Mines, is now the largest gold mine in the world, with six mines producing more than 3.3 million ounces annually.
Uzbekistan’s state-run Muruntau mine is one of the deepest mines in the world, producing just under three million ounces, making it the second largest gold mine. Muruntau represents over 80% of Uzbekistan’s total gold production.
Only two other mines – Grasberg and Olympiada – produced more than a million ounces of gold in 2021. Grasberg is not only the third largest gold mine, but also one of the largest copper mines in the world. Olympiada, owned by Russia’s largest gold mining company Polyus, has approximately 26 million gold reserves.
Polis was recently crowned the largest mine in terms of gold reserves in the world, with more than 100 million ounces of gold discovered and mined among all deposits.
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The price of gold has risen by about 50% since 2016, and is hovering near the highest level of $2,000/oz.
This is good news for gold miners who experienced record-high profits in 2020. For every piece of gold produced in 2020, gold miners earned an average of $828, much higher than the high of $665 in 2011.
With inflation reaching the top 10 in many countries, gold mining could become a focus area, especially given gold’s traditional role as an inflation watchdog.
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