ItsNotAboutTheMoney
12-21-2009, 12:48 PM
Couldn't find it posted before...
Published Tuesday 15th December 09
Fierce competition over raw materials for new green technologies could become a thing of the past, thanks to a discovery by scientists from the University of Leeds.
Researchers from Leeds' Faculty of Engineering have discovered how to recover significant quantities of rare-earth oxides, present in titanium dioxide minerals. The rare-earth oxides, which are indispensable for the manufacture of wind turbines, energy-efficient lighting, and hybrid and electric cars, are extracted or reclaimed simply and cheaply from the waste materials of another industrial process.
If taken to industrial scale, the new process could eventually shift the balance of power in global supply, breaking China's near monopoly on these scarce but crucial resources. China currently holds 95 per cent of the world's reserves of rare earth metals in a multi-billion dollar global market in which demand is growing steadily.
Read more (http://www.leeds.ac.uk/news/article/291/valuable_rare-earth_raw_materials_extracted_from_industrial_waste_stream)
Published Tuesday 15th December 09
Fierce competition over raw materials for new green technologies could become a thing of the past, thanks to a discovery by scientists from the University of Leeds.
Researchers from Leeds' Faculty of Engineering have discovered how to recover significant quantities of rare-earth oxides, present in titanium dioxide minerals. The rare-earth oxides, which are indispensable for the manufacture of wind turbines, energy-efficient lighting, and hybrid and electric cars, are extracted or reclaimed simply and cheaply from the waste materials of another industrial process.
If taken to industrial scale, the new process could eventually shift the balance of power in global supply, breaking China's near monopoly on these scarce but crucial resources. China currently holds 95 per cent of the world's reserves of rare earth metals in a multi-billion dollar global market in which demand is growing steadily.
Read more (http://www.leeds.ac.uk/news/article/291/valuable_rare-earth_raw_materials_extracted_from_industrial_waste_stream)
