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Earths - Avalon Rare Metals

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BUSINESS | RARE EARTHS<br />

1<br />

(1) Senior geologist and<br />

camp manager Chris Pedersen<br />

considers some of <strong>Avalon</strong><br />

<strong>Rare</strong> <strong>Metals</strong>’ collection of<br />

earth samples with project<br />

geologist Martin Heiligmann.<br />

(2) An <strong>Avalon</strong> geologist logs<br />

information collected from<br />

drill cores.<br />

2<br />

to transform such mundane products as vacuum cleaners and<br />

table fans. The motor boasts remarkable speed and efficiency<br />

because its electrical contacts are suspended by powerful<br />

magnets, made from the rare earth neodymium.<br />

The ionic properties of that element, as well as samarium,<br />

praseodymium and dysprosium, make for some of the<br />

strongest known magnets, including some that function<br />

at temperatures high enough to remain viable in harsher<br />

settings like automobile engines. Such properties also make<br />

it possible for at least 11 rare earths to enhance the optical<br />

amplification by materials that generate laser beams. This<br />

technology, which a few decades ago would have been a<br />

rarity outside of a formal research setting, now crops up in<br />

all manner of electronic appliances, from children’s video<br />

games to office projector displays.<br />

These new applications have expanded the market for<br />

rare earths, although Mercer points out that it remains much<br />

smaller than more primary metals such as copper. The latter<br />

might see annual global production of 15 million tonnes of<br />

production, while rare earths would be about one per cent<br />

of that volume. However, these elements could fetch a<br />

price that is 10 times higher, which is one of the key factors<br />

behind <strong>Avalon</strong>’s push in Thor Lake.<br />

Even so, Bubar suggests that the site may not be delivering<br />

any product until 2016, although he noted that the company<br />

would like to accelerate that timeline if possible. The wait<br />

reflects the challenges posed by rare earths, which cannot<br />

only be difficult to find, but even more difficult to extract<br />

in a usable form. “These elements tend to be stored in very<br />

refractory minerals,” says Jim Franklin, an exploration<br />

FEBRUARY 2012 CANADIAN CHEMICAL NEWS 25

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