RARE EARTH ELEMENT PRODUCTION A Pathway to Prosperity
DOMESTIC RARE EARTH ELEMENT PRODUCTION What You Should Know:
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• China has a near worldwide monopoly on the production of Rare Earth Elements (REEs). • Although America has abundant supplies of REEs, there is currently no substantive domestic REE mining.
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• REEs are nearly always found with the element thorium, which is
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problematic for REE mining operations, as U.S. policy requires thorium to be treated as a low level radioactive waste.
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• Thorium can be used as a fuel in a Molten Salt Reactor (MSR) to produce abundant amounts of electricity. • When thorium becomes a fuel to produce cheap electricity and heat in Molten Salt Reactors (MSRs) then mine operators will no longer have to deal with the expensive disposal of thorium. • REEs are used in cutting edge aerospace applications within the defense industry making them an extremely valuable strategic material. It is a great national security interest to produce REEs domestically. • REEs are also used in many consumer electronic applications and are one of the reasons why most electronics are produced in China (due to their near monopoly of the REE industry). • REEs are also vital to the production of wind turbines and solar photovoltaics. The eGeneration Foundation is working to form an alliance to develop a national energy plan, promoting the next generation of fuels powered by Molten Salt Reactor technology. As studies and analysis of this promising technology are widely understood, there will be widespread industry support for commercializing this next generation process, thus providing a clear pathway to prosperity.
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