The problems facing the Chinese and African mines are not simply contained in a far-away land, as both the UK and the US have begun to increase more nationalised rare earth mining operations, in a bid to reduce Chinese reliance on such valuable materials. This may help to drive innovation within rare earth mining and investment, helping to pave the way to cleaner opportunities to extract these essential elements. In the UK, Pensana Rare Earth is intending to build a facility for magnets used in electric vehicles and wind turbines, in Yorkshire. This facility will become the first UK-based rare-earth materials processing facility and Pensana has claimed that it would be built as the “world’s first sustainable magnet metal supply chain.” The facility is planned to process minerals mined from Lononjo, Angola in southern Africa, which in turn is said to be powered from the low-carbon hydroelectric dam in Luaca. In the United States, President Joe Biden has earmarked $30 million of the sweeping $2 trillion new infrastructure bill for research into and developing rare-earth mining on US soil. While this $30 million is dwarfed by the $46 billion dedicated to renewable energy manufacturing, in addition to the $147 billion dedicated to boosting the electric vehicle market, all these technologies require rare-earth materials. https://capx.co/the-dangers-of-green-techs-dependence-on-rare-earth-elements/
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