New Rare Earth Deposits in Mozambique – And Elsewhere
Last summer, another report indicated that rare earth minerals are abundant in “deep sea mud” in parts of the Pacific. The report further claimed that these deposits “are also much higher in heavy rare earth elements — the kind that are more important in technology products — than those in China.”
More recently, the Australian firm Kimberley Rare Earths announced what could be a massive new ore discovery in western Mozambique. The complexity of rare earth deposits is evident in the news release: “A sample [was] found to comprise major xenotime and minor monazite and zircon. In addition to yttrium, the xenotime shows appreciable dysprosium and erbium.”
Meanwhile, MarketWatch reported in mid-February that, “Over the last month Rare Earth stocks have outperformed the broader market by a large margin as demand for the 17 elements continues to skyrocket.” The same article mentions new rare earth mining projects in Alaska, British Columbia, and Wyoming.
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