Canada identified five top rare earth project is expected to put into operation

Currently about 90% of the world's rare earth resources are produced in China, and the Chinese market is also consumed a lot of the world's rare earth production. These rare earth resources have been widely used in various fields of industrial production, including environmental technology, defense systems and consumer electronics goods. Canada also hopes rare earth production in 2018 could reach 20% of total global supply.

Canadian REE Network (Canadian Rare Earth Elements Network) was established in January of this year, the organization will work with Natural Resources Canada (Natural Resources Canada) for cooperation aimed at the country's rare earth industry development and research. A study on the rare earth industry in Canada also announced last week.

According to the report, the current global rare earth production of about 130,000 tons / year, equivalent to 40 million Canadian dollars to bring about annual revenues for the industry.

Although the scale of production of rare earth projects compared with other metals and minerals is still relatively small, but according to the report data show that the value of the raw materials needed for manufacturing rare earth elements as up to 2 trillion to 4.8 trillion Canadian dollars Canadian dollars.

Mentioned in the report, "In the last 10-15 years, the world's rare earth consumption with 8-12% annual growth rate, industry experts believe that this trend will continue, and the growth will be accelerated. "

According to MIT (Massachusetts Institute of Technology) related studies have shown that to 2025, global industrial demand for specific rare earth elements will rise 2600%.

Its "scarcity, high demand, as well as strategic significance in many high-tech applications," There are five kinds of rare earth elements were emphasized in this report, namely neodymium, europium, terbium, dysprosium and yttrium.

The report quoted a senior research analyst with Canada, Europe and Asia Company (Euro Pacific Canada) Luisa Moreno (Luisa Moreno) view that although the majority of the world's supply of rare earths comes from China, but China's rare earth resources are dwindling, remaining "less than 30 years of estimated remaining supply."

Canada accounts for approximately 40-50% of the world's known reserves of rare earth.

Moreno noted that in 2008-2010, the global total investment of rare earth projects outside of China has reached 30 billion Canadian dollars. In the 56 projects have been identified, half have advanced exploration stage to advance potential.

Government of Canada identified 11 rare earth at an advanced exploration stage project and estimated capital expenditures completion of these projects. Each project is expected to cost a large gap, ranging from 106 million to C $ 2.5 billion Canadian dollars.

The report also lists the Canadian five planned future production of rare earths project in five years. Which is located in Quebec, there are rare metals exploration company (Quest Rare Minerals, TSE: QRM)'s singular Lake (Strange Lake) project, Marta Mike Company (Matamec)'s Zeus - Kipawa (Zeus-Kipawa) projects and Orbite Aluminae Company (TSE: ORT)'s Grande Valley (Grande-Vallée) projects. There is also Avalon Rare Metals Company (Avalon Rare Metals, TSE: AVL) in Canada's Northwest Territories satisfied chala chips (Nechalacho) project, as well as Pele Mountain Resources Inc. (Pele Mountain Resources, CVE: GEM) subsidiary located ecological Mountains Ontario (Eco Ridge) project.

The Canadian government said that in the past three years, the country's rare earth industry R & D investment of only $ 1 million less compared with other developed countries.

U.S. rare earth industry in the past five years, investment in research for about 1.2 billion Canadian dollars, while the Australian rare earth industry investment in the past three years, approximately 80 million Canadian dollars.


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