Massive Rare Earth Deposit Found In Australia
An anonymous reader writes "A north Queensland mining company has discovered one of the world's largest deposits of the rare earth, scandium, used in fuel cells."
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That's nice, but scandium has only a few minor uses. A find of high-quality neodymium or europium ore would be much more interesting.
In fact they are quite common. One of te big problem with rare earths is that if you extract them, you generally find them in company with thorium. Now even though it is naturally there, one you took it out of the ground you are obligated to treat it as a radioactive waste. You are not aloud to mix it back into the ground at the same consistency you found it. The result is that one of the few places on earth you can get rare earths is ... China. Who by the way is storing the thorium, and is moving ahead into building Gen IV reactors.
... byproduct. Now that is handy
In fact there is a dude that is petitioning to be allowed to extract "rare" earth metal and be allowed to store the thorium. This one mine will be able to produce all the energy the US needs as a
http://energyfromthorium.com/2011/03/10/free-thorium/