Rare Earth Elements Found In Jamaican Mud

stevegee58 writes "Jamaica was once home to a thriving bauxite (aluminum ore) industry. While Jamaican bauxite mining may have fallen on hard times, it seems that the bauxite tailings in the form of red mud are rich in rare earth elements. Japanese researchers have discovered rare earth elements in high concentrations in this red mud and have already invested $3M in a pilot project to extract them. Perhaps Chinese dominance of rare earth deposits is on the wane as global manufacturers continue to search for and find other deposits of these valuable minerals."

Comments

"continue to search for and find other deposits"

[trdtaylor]

You make it sound like China is the only place in the world for Rare Earth metal deposits. The United States has the largest known deposits of Rare Earth metals, with mining plans in the works as we speak.

Most important part of this story is extraction of rare earth metals that does not harm the local environment / still profitable

Re:"continue to search for and find other deposits

[Carnildo]

"Rare earths" aren't really all that rare. What's rare is finding them in high concentrations.

Failed operation

[SysKoll]

The Chinese government had grabbed the rare earth market by cutting down prices (yes, labor camps and lax pollution rules help). Then they restricted supply, attempting to force Western manufacturers to bring to China all productions of materials using rare earths. Within months, out-of-China RE production that was shut down because of cost resumed, and prices actually went down. It's all in this amusing article written by a guy who used to trade this stuff.