Sunday, May 17, 2015

Rare Earth Elements and Chinese monopoly !



Do you know China produced 97 percent of the world’s rare earth minerals, which are used in modern high tech devices such as power wind turbines, mobile phones, and hybrid cars. It created global scare that the Chinese would use the precious elements as an economic gun.

China had archived where it owned 97% of the world's rare earth elements that play a vital role in producing high-end devices.

These rare earth elements are a group of seventeen chemically like metallic elements and minerals in the periodic table, including yttrium and scandium. Despite in their name, these rare elements are not actually that rare. In fact, they're rather ample in the Earth's crust. But, vast force and investment are required to dig out, refine and process them.

The whole commercial worth of the entire rare earth elements in the market is merely around $3 billion (mines to metals). The huge worth is in the value added segment and that’s what China chasing. China enjoys and explores this monopoly, controlling the future of around $5 trillion in rare earth dependent, value added materials and services.


Lanthanum 
It is a tactically vital rare earth element due to its activity in catalysts that are essential in petroleum refining. Lanthanum “cracking-agents” boost refinery output by as much as 10%, while dropping total refinery power consumption.
Cerium 
It is the most plentiful of the rare earth material, critical in the production of environmental safeguard and pollution-control systems and methods, from automobiles to refineries. Cerium is a diesel fuel stabilizer for micro-filtration of unwanted pollutants, and promotes more entire fuel combustion for extra energy efficiency.
Neodymium 
It is a vital component of robust permanent magnets. Cell-phones, portable CD-players, computers and nearly all modern sound systems would not exist in their recent state without using neodymium magnets. Neodymium-Iron-Boron stable magnets are vital for miniaturizing a range of technologies. They maximize the power per cost ratio, and are applicable in a large range of motors and mechanical devices.

Europium 
It offers outstanding properties of photon emission. When it absorbs electrons or UV-radiation, Europium atom changes energy levels to produce a visible and luminescent emission. This emission creates the ideal red-phosphors used in color TVs and computer display screens. It is also applicable in fluorescent-lighting, it cuts energy use by 75% compared to incandescent-lighting. In the medical sector, europium is used to tag biochemical agents, which helps to trace these materials in tissue research.

Praseodymium 
It is applicable as a general coloring pigment. Praseodymium is used to filter definite wavelengths of light. Thus it finds specific uses in photographic filters like airport signal lenses, welder’s filter glasses, in ceramic tile and glass (yellow). Praseodymium alloy used as a component of permanent magnetic systems engineered for small motors.
Yttrium 
It is rare in bastnasite. It is typically recovered from even more obscure  ores. Almost every vehicle on the road contains yttriumbased elements that advance the fuel efficiency of the engine system. In microwave communication devices Yttrium-Iron-Garnets are applied as resonators in frequency-meters, magnetic-field measurement instruments, tunable-transistors and Gunn-oscillators.
Samarium 
It has properties of spectral absorption which make it fuctional in filter- glasses that surround neodymium laser rods.
Gadolinium 
It offers distinctive magnetic property. So the element is at the centre of magneto optic recording, other technology application in producing computer data.
Dysprosium  
It is a broadly used element that helps to produce electronic components smaller and smarter.
Terbium 
It is applied in energy efficient fluorescent-lamps. There are range of terbium metal alloys which provide metallic stripes for magneto-optic data records.
Holmium 
It is extremely rare and expensive element. so it has very few commercial uses.
Erbium 
It has significant optical properties that make it critical for use in broad-range fiber-optic data transmission.
Thulium 
It is the rarest of the elements. Chemically is similar to Yttrium. It has unique photographic properties, used in especially sensitive X-Ray phosphors to reduce X-ray exposure.
Ytterbium 
It is applicable in stress-gauges to monitor ground deformations caused, like by earthquakes or underground-explosions.
Lutetium
Cerium-doped lutetium-oxyorthosilicate is recently applicable in sensitive detectors in positron-emission-tomography.



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