Rare Earth Metals Will Become Exponentially More Expensive Says Stephen Leeb

Filed under: China, Future Predictions, Investments by futurepredictions — 2 Comments

November 20, 2011

RARE EARTH METALS UNDER EXPONENTIAL DEMAND

Products like aerospace components, fluorescent lamps, wind turbines, hybrid vehicles, battery-electrodes, magnets, camera lenses, self-cleaning ovens, PET Scans, lasers, fluid catalytic cracking catalyst for oil refineries and compact fluorescent light bulbs that rely upon rare earth metals will become exponentially more expensive. Read More>>>>

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Dr. Stephen Leeb is a bestselling financial author, wealth manager, and publisher of a family of investment newsletters. He is a recurring guest on CNN, FoxNews, NPR and Bloomberg TV, and has been called “one of the country’s foremost financial experts.”

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Leeb earned a BS in Economics from the Wharton School of Business, and a Masters in Mathematics and a PhD in Psychology from the University of Illinois. His graduate degrees were obtained in three years.

ACCESS THE COMPLETE LIST OF RARE EARTH METALS

Sc Scandium

Named from Latin Scandia (Scandinavia), where the first rare earth ore was discovered.

Used in Light aluminium-scandium alloy for aerospace components, additive in Mercury-vapor lamps.

Y Yttrium

Named for the village of Ytterby, Sweden, where the first rare earth ore was discovered.

Used in Yttrium-aluminum garnet (YAG) laser, yttrium vanadate (YVO4) as host for europium in TV red phosphor YBCO high-temperature superconductors, yttrium iron garnet (YIG) microwave filters.

La Lanthanum

Named from the Greek “lanthanein”, meaning to be hidden.

Used in High refractive index glass, flint, hydrogen storage, battery-electrodes, camera lenses, fluid catalytic cracking catalyst for oil refineries

Ce Cerium

Named for the dwarf planet Ceres.

Used in Chemical oxidizing agent, polishing powder, yellow colors in glass and ceramics, catalyst for self-cleaning ovens, fluid catalytic cracking catalyst for oil refineries

Pr Praseodymium

Named from the Greek “prasios”, meaning leek-green, and “didymos”, meaning twin.

Used in Rare-earth magnets, lasers, core material for carbon arc lighting, colorant in glasses and enamels, additive in didymium glass used in welding goggles, ferrocerium firesteel (flint) products.

Nd Neodymium

Named from the Greek “neos”, meaning new, and “didymos”, meaning twin.

Used in Rare-earth magnets, lasers, violet colors in glass and ceramics, ceramic capacitors

Pm Promethium

Named for the Titan Prometheus, who brought fire to mortals.

Used in Nuclear batteries

Sm Samarium

Named for Vasili Samarsky-Bykhovets, who discovered the rare earth ore samarskite.

Used in Rare-earth magnets, lasers, neutron capture, masers

Eu Europium

Named for the continent of Europe.

Used in Red and blue phosphors, lasers, mercury-vapor lamps, NMR relaxation agent

Gd Gadolinium

Named for Johan Gadolin (1760–1852), to honor his investigation of rare earths.

Used in rare-earth magnets, high refractive index glass or garnets, lasers, X-ray tubes, computer memories, neutron capture, MRI contrast agent, NMR relaxation agent

Tb Terbium

Named for the village of Ytterby, Sweden.

Used in Green phosphors, lasers, fluorescent lamps

Dy Dysprosium

Named from the Greek “dysprositos”, meaning hard to get.

Used in Rare-earth magnets, lasers

Ho Holmium

Named for Stockholm (in Latin, “Holmia”), native city of one of its discoverers.

Used in Lasers

Er Erbium

Named for the village of Ytterby, Sweden.

Used in Lasers, vanadium steel

Tm Thulium

Named for the mythological northern land of Thule.

Used in Portable X-ray machines

Yb Ytterbium

Named for the village of Ytterby, Sweden.

Used in Infrared lasers, chemical reducing agent

Lu Lutetium

Named for Lutetia, the city which later became Paris.

Used in PET Scan detectors, high refractive index glass

REFERENCE SOURCE

C. R. Hammond, “Section 4; The Elements”, in CRC Handbook of Chemistry and Physics, 89th Edition (Internet Version 2009), David R. Lide, ed., CRC Press/Taylor and Francis, Boca Raton, FL.

Other References:

http://ebscosustainability.com/2011/09/16/chinas-grip-on-rare-earth-metals/