EU Policy Makers Urged to Tap into REE Supplies

Source: Rare Earth Investing News, Adam Currie (6/4/12)

"Rare earth metals in European and Nordic countries have the potential to save the region's automobile and electronics industries from uncertain imports and predesignated quotas."

Rare Earth Investing News, Adam Currie

Rare earth metals in European and Nordic countries have the potential to save the region's automobile and electronics industries from uncertain imports and predesignated quotas.

This message was put forward in April by a panel of geologists at the European Geosciences Union's annual meeting as members urged policy makers to address the issue of the region's lack of rare earth element (REE) output.

According to Friedrich Wellmer, former president of Germany's Geological Survey, while Europe is rich with the REEs used to power batteries and produce magnets, regional leaders have not yet demonstrated the political will to tap into resources effectively. Interestingly, Scandinavia is regarded as the "home of REEs," as many REEs were first discovered in Sweden, including cerium, holmium, lanthanum, scandium, terbium and thulium.

"It is not that the elements don't exist in Europe," said Wellmer, who is now the chairman of sustainable management at the Institute for Advanced Studies in France. "It has become more unacceptable socially to mine them.". . .View Full Article

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