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Natural Resources committee If we actually are able to attract, again, the infrastructure that needs to be built to be able to separate these elements to produce metals, to produce the parts and so forth.... It's basically to do what China did in the last few years, which is they made it harder and harder to export the rare earths, and they attracted a number of....
February 13th, 2014Committee meeting
Dr. Luisa Moreno
Natural Resources committee What does that do? I'll start with the second part of your question. Canada will continue to be dependent, basically buying these elements for automotive manufacturing as well as green technology, as it emerges. But what is happening most importantly and what I tried to indicate is that there is a willingness to develop infrastructure outside China, to separate these elements, and to build the supply chain outside China.
February 13th, 2014Committee meeting
Dr. Luisa Moreno
Natural Resources committee By rate, do you mean speed?
February 13th, 2014Committee meeting
Dr. Luisa Moreno
Natural Resources committee For instance, in Brazil they have actually put out a white paper. I believe the government has approached at one point, Vale, which is one of the largest mining companies, to investigate potentially the production to develop separation technology. Another company in Brazil, which is CBMM, has announced that they have invested $50 million in trying to separate rare earths as well.
February 13th, 2014Committee meeting
Dr. Luisa Moreno
Natural Resources committee Thank you to the committee for this opportunity. I will start by going straight to the point that these elements are critical. I just would like to emphasize that there are light rare earth elements as well as heavy rare earth elements that are critical. For instance, for magnets, neodymium and praseodymium are used in significant amounts in some of the magnets, such as the neodymium iron boron magnets.
February 13th, 2014Committee meeting
Dr. Luisa Moreno