U.S. Discovers 2 Billion Tons of Rare Earth Minerals – A Step Toward Dominating the Global Technology Market

Written by Fabio Lucas Carvalho

Published on 20/11/2024 at 18:23

Updated on 20/11/2024 at 18:25

Foto: Reprodução

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The Discovery of a Gigantic Rare Earth Reserve in the U.S. Could Transform the Country into a Global Leader in Strategic Material Supply

Recently, a surprising discovery in the state of Wyoming could change the future of the United States in the minerals sector. American Rare Earths announced the location of two billion tons of rare earth minerals, placing the country in a position to become one of the leading producers of these essential global resources.

These minerals, which are used in the manufacturing of everyday products like smartphones, hybrid cars, and light bulbs, have been a point of dependency for the U.S., which currently imports about 74% of its minerals.

On the other hand, China dominates global production, controlling an impressive 95% of the resources needed for modern technology. With the discovery in Wyoming, things could change significantly, creating an opportunity for the United States to reduce its external dependency.

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Crucial Minerals for Advanced Technologies

The discovered minerals, such as neodymium, praseodymium, samarium, and terbium, are essential for the production of cutting-edge technologies, including aircraft and electric vehicles. These elements, known as rare earths, play a crucial role in advancing technological and energy technologies.

So far, the U.S. has relied on China for most of these resources, but the discovery in Wyoming may allow the country to become more self-sufficient and even increase its production.

The discovery also recalls another significant find made in Japan, which, in 2019, announced the location of 230 million tons of rare minerals in the Pacific Ocean. This gave Japan a significant advantage in access to resources for its industries, placing the country in a strategic position in the global minerals market.

In an interview, Don Schwartz, CEO of American Rare Earths, commented that, typically, the amount of minerals found decreases over time. However, in the case of Wyoming, the reality was different. As they continued to drill, more minerals were discovered.

Additionally, our American company, Ramaco Resources, also found rare minerals in an area near Sheridan, Wyoming, valued at US$ 37 billion, but American Rare Earths believes its discovery is even greater.

With these discoveries, the U.S. may be on the brink of a crucial advancement that could ensure greater security and autonomy over the set of essential minerals for its technology industries. The expectation now is that the country can utilize this resource efficiently, becoming a global leader in the rare earth minerals sector.

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U.S. Discovers 2 Billion Tons of Rare Earth Minerals – A Step Toward Dominating the Global Technology Market

The Discovery of a Gigantic Rare Earth Reserve in the U.S. Could Transform the Country into a Global Leader in Strategic Material Supply

Crucial Minerals for Advanced Technologies

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U.S. Discovers 2 Billion Tons of Rare Earth Minerals – A Step Toward Dominating the Global Technology Market

The Discovery of a Gigantic Rare Earth Reserve in the U.S. Could Transform the Country into a Global Leader in Strategic Material Supply

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In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

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