IPC urges U.S. Department of Energy to act on applications for loan guarantees from U.S. companies seeking to develop or reopen rare earth facilities in the U.S.

Yesterday, IPC joined a dozen other trade associations in urging the U.S. Department of Energy to act expeditiously on loan guarantee applications from U.S. companies seeking to develop or reopen rare earth facilities in the US. Rare earth elements (REE) are composed of the lanthanide and actinide series.

Rare earth oxides, metals, and alloys are used in many advanced materials, technologies, and products, including high strength permanent magnets, catalysts, electronics, lasers, fiber optics, hydrogen storage, ceramics, optical glass, lighting, water treatment, coatings, fertilizers as well as numerous other applications.

The United States receives nearly 97 percent of all the rare earth resources it uses from China (Government Accountability Office Report, April 2010). Because of internal demand, China is moving to drastically reduce exports. In addition, In fact, independent analysts forecast that rest-of-world REE demand will likely exceed Chinese exports by 2011.

Widespread adoption of new energy-efficient fluorescent lamps using REEs for institutional lighting applications could potentially achieve significant reductions in U.S. carbon dioxide (CO2) emissions equivalent to removing one-third of the automobiles currently on the road. Large-scale application of magnetic-refrigeration technology, which also requires REEs, could significantly reduce energy consumption and CO2 emissions. Neodymium, praseodymium, terbium and dysprosium are used in computer hard drives, mobile phones and cameras.

Rare earth elements are essential for a diverse and expanding array of high-technology applications, which constitute an important part of the industrial economy of the United States.

View the letter here.

4 Comments

  1. John Lithman
    Posted July 24, 2010 at 7:40 pm | Permalink

    I don’t care how we do it, but we must do something about the Co2 in the atmosphere before it’s too late. I would love to see all government agencies get on the same page and work together on this threat to our country and the world.

  2. Posted July 26, 2010 at 4:02 pm | Permalink

    Clearly it’s an issue that will be addressed. One question that should be asked before they re-open and start new facilities is “How environmentally friendly are these mining and development facilities?”

    We have already learned that reaping the world’s resources for profit without regard for the environment is illogical and doesn’t hold a future for…anything/anyone.

    There has to be ways to mine without destroying the earth…

  3. Posted July 30, 2010 at 10:27 pm | Permalink

    Do agreed with John Lithman and Jacobson, we dont know how to clean and save bu we must have to do it in time.

  4. Florida Refi
    Posted August 17, 2010 at 3:31 am | Permalink

    The Ozone is healing btw, but its as a good thing if this can happen. Thanks for the additional info.


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