With a production of 140,000 tons by 2020, China will be the largest producer of rare earths, especially heavy ones, accounting for approximately 60% of world annual production. 38 thousand tons (15.6%) following the United States; Myanmar (Burma) 30 thousand tons (12.3%); Australia with 17 thousand (7%); Madagascar 8 thousand (3.3%) and 10 thousand tons in other countries equals about 4.2% of world production. In other parts of the world, production will increase to 100,000 tons by 2020.
However, according to 2021 estimates published on the Canadian government’s website, Canada has more than 14 million tons of reserves and resources, and plans to increase the productivity of the mining industry, especially the so-called rare earths. Valuable on a planetary scale for “heavy”, advanced technology applications and clean energy production.
By 2020, the production of batteries will have absorbed 7% of the world’s rare earth, as they are essential components of numerous electronic devices for everyday use and are used for a variety of industrial applications, from renewable energy production. For the military and aerospace industry, passing from the electric car.
The supply of rare earths is limited and there is always an effort to provide new resources to the global market. “Heavy” rare earths such as dysprosium (used in the manufacture of laser products and also for control wires for nuclear reactors); Derbium (rare); Holmium (used in quantum computer components); Ludium (very expensive); Equivalent (very expensive); ytterbium (becomes semiconductor); Yttrium (used to produce phosphorus) is produced in China, and Canada’s major mining projects are concentrated in this land.
The production of magnets (used in the field of separation, lifting and automation) was the sector that used the rarest earths by 2020 (29.4%). Permanent magnets are an integral part of modern electronic technology used in cell phones, televisions, computers, cars, windmills, and jet aircraft.
Catalysts (20.2%) follow in the main industrial applications of Rare Earth; Polishing (20.2%); Metal (8.6%); Batteries (7.8%); Glass (7.8%); Pottery (2.7%); Phosphorus (0.6%); Pigments (0.4%), according to the official website of the Government of Canada.
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