Nikola Tesla's revenge
Jun 2nd 2011
It is not as though the rare-earth elements—scandium, yttrium and lanthanum plus the 14 so-called lanthanides—are all that rare. Some are as abundant as nickel, copper or zinc. Even the two rarest (thulium and lutetium) are more abundant in the Earth’s crust than gold or platinum.
A decade ago America was the world’s largest producer of rare-earth metals. But its huge open-cast mine at Mountain Pass, California, closed in 2002—a victim mainly of China’s drastically lower labour costs. Today, China produces 95% of the world’s supply of rare-earth metals, and has started limiting exports to keep the country’s own high-tech industries supplied.
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