2023-04-11 16:00:00 ET
China currently leads the global market for rare earth elements (REEs), with the largest known reserves and the highest annual production volume . Unfortunately, this dominance represents a considerable barrier for the global clean energy transition. Not only does the Chinese government have a history of using quotas and tariffs for political leverage , there are also social and environmental problems with China's rare earths production methods .
Addressing these problems requires other countries to establish their own stable, domestic supply of rare earths. For Canada, this means tapping into its extensive monazite-hosted deposits . To complement rare earths mining activities, the country is also venturing into rare earths processing and will soon launch North America's first commercial monazite rare earths processing facility in Saskatchewan .
Constructed by the Saskatchewan Research Council (SRC) with support from Saskatchewan's provincial government, this facility will prove instrumental in establishing a rare earths technology hub in the province, while also building a foundation for commercial REE development — creating a multitude of excellent investment targets in the process.
For further details see:
Canada's First Rare Earths Processing Facility a Unique Investment Opportunity