Earths - Avalon Rare Metals
Earths - Avalon Rare Metals
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