In this interview with the metals report, lifton tells us how a non. Instead, the rare earth universe is made up of four or five distinct critical rare earth markets that should be the focus for investors today. China will push increased demand for rare earths seeking. Apr 20, 2015 the rare earths deposit at round top is relatively lowgrade but it is vast, and production would be both easy and inexpensive compared with other deposits in the u. This is the first real awareness of the washington that there is a problem and that they. Jack continued, the anchor of any supply chain is the mine, the source of the minerals. In fact, one of our senators, senator rubio of florida is a champion in the us to revive the rare earth supply chain. Rare us dime novels vintage paperback crime detective. According to investor analyst jack lifton, the rare earth metals are imported from china, then. Lifton on kingsnorth and the global rare earth market. Why complex life is uncommon in the universe by peter ramiz rovsen serler pdf yukle d. Cvx mining in 2008 by a group of investors with specialized knowledge of rare earth mining, which was backed by goldman sachs, and included. According to jack lifton, a commodities analyst and leading authority on rare metals via reuters, the prius automobile is the biggest user of rare earths of any object in the world. During her trip to china this week, secretary of state hillary clinton will talk to chinese officials about the worlds hottest commodities.
Russia struggling to capitalize on rare earth reserves s. Jack lifton reporting from washington dc, on 21 october 2009. Rare earth metals are most simply defined as those chemical elements, metals that have atomic numbers between 57 to 71. By jack lifton, a consultant, author, and lecturer on the market fundamentals of the technology metals. Jack lifton, an independent commodities consultant and strategic metals expert, calls the prius the biggest user of rare earths of any object in the world. Jack lifton with gareth hatch on rare earths in the rest of the world. The american expert has been involved in the rare earth industry for 48 years and thinks the pollution risks posed by the chemical plant are low and manageable. Jack lifton report in depth analysis of rare earth. Tmr dysprosium faces the greatest supply risks of all rare earth elements, according to technology metals research. He is the author of the companion book of the film i. These rare earth minerals will unlock the prison doors of incurable diseases and set you free.
Cheetah set for lowimpact pounce on rare earth minerals. In october of 2007 the national academies published a book entitled. Technology metals is a category term now in wide use that he coined at the beginning of the twentyfirst century to describe those strategic metals whose electronic properties make our technological society possible. Jan 12, 2010 the battle over rare earth metals tuesday, 12 january 2010 00. In the last five years, investors discovered lithium and the rare earths. They discussed how our planet was formed and how it is extremely rare that any other planet has a similar solar system and was created the same to support and sustain life. Each prius battery uses 10 to 15 kg of another rareearth element, lanthanum, jack lifton, a commodities analyst and leading authority on rare metals. Why complex life is uncommon in the universe is a 2000 popular science book about xenobiology by peter ward, a geologist and evolutionary biologist, and donald e. Rare earth elements, geopolitics, and the fight for. Jan 14, 2000 their book covers the rare earth while the supposed reallife abductions and ufo sightings may be silly, the scientific consensus has been that intelligent life is common in the universe. It is very exciting and it is the biggest move in this commodity that i have seen from the us government. North america doesnt need chinas rare earths source. Davis bunn in his new book, rare earth book two in the marc royce series published by bethany house takes us to kenya.
Jack liftons research on mineral resources make him an important figure in projecting the future of energy. Toyota braces for rare earth metal shortage autoblog. Selected end uses light rare earths more abundant major end use heavy rare earth less abundant major end use lanthanum hybrid engines, metal alloys terbium phosphors, permanent magnets cerium auto catalyst, petroleum refining, metal alloys. Lifton spotted the lemhi pass thorium reserve discoveries early on, lifton has recently focused on world rare earth production, and as lifton has pointed out. Lentisrare earth metals wikibooks, open books for an. Jack went on to say that extracting rare earths from coal can be. Jul 30, 2010 thats why some unscrupulous japanese firms have been smuggling rare earths from illegal mines across china, notes jack lifton. Rare earths could boost mining sector the namibian. Alec gimurtu of the critical metals report 61912 there is no single rare earth element market. Russia imports 90% of the processed rare earths it consumes, mostly.
Techs mineral infrastructure time to emulate chinas rare. The use of the rare earth is diverse and covers many manufacturing industries that is. Apr 21, 2009 molycorp was purchased and privatized from chevronnyse. One of the organisers, interviewed outside the white house, was mining consultant jack lifton. Oct 28, 2010 china wants to use its monopoly over global rare earth supplies to win the race for clean energy technology that depends on the metals, but it is a strategy that could backfire, costing beijing. Jan 01, 2011 in due course, the worldoutsideofchina, even america, could start to produce more rare earths as jack lifton has noted, and the chinese have unsurprisingly suggested. In august, putin passed a bill to reduce the national mineral extraction tax to 4. The component of technology is a key concept of sd. Framework for sustainable mining of rare earth elements. In 2011, industry analyst jack lifton of consultant agency technology metals research, said l ess than four per cent of nonchinese rare earth projects would turn a profit, owed largely to their. North america doesnt need chinas rare earths nasdaq. Investing around the rare earths rough patch the daily. That is why the country of china is the one dominating the market.
By jack lifton, independent consultant, focusing on the sourcing of nonferrous strategic metals. The rare earths deposit at round top is relatively lowgrade but it is vast, and production would be both easy and inexpensive compared with other deposits in. Lifton with energy fuels moore on trump and who has the. States jack lifton, cofounding principal at technology metals research llc and the new investorintel host for all critical materials, in an interview with investorintels tracy weslosky. Even today, the chinese rare earth industry has a large number of unofficial, sometimes even unknown, entities, says jack lifton, a senior fellow at iags. Expert jack lifton to explore how the american recent policy shift has inspired a rare earths revival and a rebirth of a domestic rare earth. Published on jan 24, 2020 jack lifton, investorintels sr. Rare earth elements, or rees, form the largest chemically coherent group in the periodic table, and are essential for many hundreds of applications. States jack lifton, cofounding principal at technology metals research. Cobalt, critical, strategic and rare earth minerals and. Consider the views of the industry analyst jack liftonby no stretch your standard environmental activist i dont give a rats ass about. Lifton says forget the wall street journal on rare earths.
Ward and donald brownlee support the idea that simple life forms are common in the universe, but contend in rare earth that any type of complex. Nov 30, 2015 the buildup of the rare earths supply chain was due to a lucky guess by chinas preeminent leader in my opinion of the last 2000 years or so, deng xiaoping. A lot of my friends are calling this rare earth version 2. The group consists of yttrium and the 15 lanthanide elements lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. As professor kingsnorth emphasized in his talk the rare earths markets 35 years ago yes. Used both in smaller technological devices such as cell phones, laptops and headphones, as well as in more largelyscaled innovations such as lcd screen televisions, hybrid cars. Pentagon in pursuit of us rare earths output amid china trade. The godfather of rare earths jack lifton to host a new. The battle over rare earth metals journal of energy security. These include lanthanum, from which rare earth metals get their collective chemical name of lanthanides to. Sep 29, 2011 investing around the rare earths rough patch. China controls over 90% of rare earth mineral production. Their book covers the rare earth while the supposed reallife abductions and ufo sightings may be silly, the scientific consensus has been that intelligent life is common in the universe. Despite the important sounding name, not all rare earth elements are critical or in short supply compared to the ultimate demand.
How to invest in rare earth metals gold stock bull. Public relations consultancy, corporate relations, medial relations, crisis management, publishing, financial investor relations, ceo. Dysprosium has greatest supply risk of all rare earths. With nearly 50 years in the industry, independent metals consultant jack lifton sure does. Decades of conflicts, droughts, and natural disasters. In fnarenas last ree instalment, rare earths, lynas and hastings, expert jack lifton cited molycorp and ucore in the us, south africas great western and australias lynas corp lyc, along with a couple of others, as being in the race. Luckily, china isnt the only place you find rare earth metals. His background includes sourcing, manufacturing and sales of platinum group metals, rare earth compounds and specialist ceramics used to make catalytic converters, oxygen sensors, batteries and fuel cells. The first three components economy, society, and environment were developed by the brundtland commission in 1987 and are considered the main pillars of global sd. Electric batteries as a case study in us magical thinking vs. This book has information that hasnt even been heard by 99. Techs mineral infrastructure time to emulate chinas. An article from the telegraph reports on draft plans in china to restrict exports of rare earths. Jack lifton on how the rare earths market is definitely hot.
The importance of rare earths to russia is not lost on president vladimir putin, whose ministries have provided funding for the sector that had all but disappeared in russia following the collapse of the soviet union in the early 1990s. Jack lifton s research on mineral resources make him an important figure in projecting the future of energy. Rare earths are very much on the radar of the us federal government. China wants to use its monopoly over global rare earth supplies to win the race for clean energy technology that depends on the metals, but it is a strategy that could backfire, costing beijing. Jack lifton with gareth hatch on rare earths in the rest. Editor, publisher and rare earths consultant came together to discuss the uschina phase 1 trade agreement and its effect on the rare earths industry in the united states. Reaching millions of people each month through its website, books. Jack lifton on scandium, yttrium, rare earths and the us. Once the book got into the discussion of how life formed it got so boring its hard to keep it open. Molycorp was purchased and privatized from chevronnyse. This is the first time that china is trying to organise the industry because they want an accurate picture of how much. Rare earths and china background briefing abc radio. We have the white mesa mill in southeast utah that is operating todayit has a capacity of producing 8 million pounds a year. Jul 03, 2019 the trade war between china and the u.
Market developments, overview and insight into the possibilities of real material alternatives jack lifton, founder and principal, technology metals. Each prius battery uses 10 to 15 kg of another rareearth element, lanthanum, jack lifton, a commodities analyst and leading authority on rare metals, told reuters news agency. Cvx mining in 2008 by a group of investors with specialized knowledge of rare earth. Founding principal of technology metals research, jack lifton, remarked that lynas is malaysias gateway to 21st century technology. I want to show you just the first question and answer of a recent interview with jack lifton, senior fellow at the institute for the analysis of global security.
Even with new mine supply and refining capacity coming online over the next four years, these elements will remain in short supply, with hefty price tags attached. Each prius battery uses 10 to 15 kg of another rare earth element, lanthanum, jack lifton, a commodities analyst and leading authority on rare metals. His background includes sourcing, manufacturing and sales of platinum group metals, rare earth compounds and specialist ceramics used to make catalytic converters, oxygen sensors, batteries and fuel ce. The push comes weeks after china threatened to curb exports to the united states of rare earths, a group of 17 minerals used to build fighter jets, tanks and a range of consumer electronics. If you want to learn about the effects of praseodymium, yttrium and many other super rare and strange elements and the effects of elements at curing hundreds of diseases that currently have no cure, read this book. Nov 04, 2014 rareearths is there really an alternative. Jack went on to say that we should look at the total rare earths supply chain and then try to make that domestic in north america the us and canada or with closest allies like australia. Jack lifton on how the rare earths market is definitely hot youtube. Introduction what are rare earth elements and why do we care. Editor, host and a wellknown rare earths advisor and tracy weslosky, investorintels sr.
The location of these rare earths are alas few in number. In due course, the worldoutsideofchina, even america, could start to produce more rare earths as jack lifton has noted, and the chinese have unsurprisingly suggested. Only time will tell if rare earth metals are indeed the next big thing or just another overhyped fad. The us government doesnt have a holistic approach to the entire rare earths supply chain, even now, and thats a problem, jack lifton, an industry analyst with technology metals. The looming rare earths train wreck realclearscience.
Today in an interview with critical materials expert jack lifton, tracy weslosky of investorintel asks jack about the real effects of the coronavirus outbreak in china on the global critical materials market and specifically, the north american supply chain. Molycorp issues letter of intent for the purchase of great. Rare earth metals are important to a nations national defense and its ability to pursue a greener energy future with technologies that require these materials in component inputs. Rare earth is an excellent book for both specialists and non specialists. One nation holds most of the planets supply of rare earths, the metals and alloys key to building many of the developed worlds musthave items, including. The recommended framework pictured in figure 2 has a global application. In this exclusive article for the critical metals report, jack lifton, a senior fellow of the institute for the analysis of global security, shares the secrets for determining if a company has a chance of growing into a viable, profitable venture that will benefit. But lifton just might have the perfect solution for the worlds rare earth element supply problems. States critical materials expert jack lifton, in an interview with investorintels tracy weslosky. Below, the rift valley slashes across africa like a scar. The rare earth is scattered on the earth and not many are in a concentrated place so many firms could not get a return on the investment they had put for the mining of this chemical element. Smuggling key factor in chinas rare earth actions news. The death of chinas rare earth monopoly energy and capital. Analysts shrug off rare earth trade ruling news chemistry.
Pentagon races to track us rare earths output amid china. In the nonchinese world, we have perhaps half a dozen producing rare earths companies but all of the processing of heavy rare earths, in general, is done in china today. The concentration of production of rare earth elements rees outside. The pentagon wants miners to describe plans to develop u. Capitalism with chinese characteristics, cwcc as the chinese press officially refers to the use of capitalism by the chinese communist party ccp to advance socialism in china, is winning the battle with the neoliberal, free and efficient, market that supposedly has led the usa. He says they built the supply chain and maintained low costs. Jack lifton is the ceo of jack lifton, llc and is a consultant, author, and lecturer on the market fundamentals of technology metals. Everybodys talking about rare earth elements rees, but does anyone truly understand them. Thats why some unscrupulous japanese firms have been smuggling rare earths from illegal mines across china, notes jack lifton. After starting in rare earths in 2007, he said he spent a large amount of time discussing why so many projects were struggling to get off the ground.
Jack lifton has had more than 50 years experience in the global automotive, heavy equipment, electrical, electronic, mining smelting and refining industries. What is a rare earth element rare earth elements are a group of seventeen chemical elements that occur together in the periodic table see image. Jack lifton on how the impact of the coronavirus on the. Reia is a global association for rareearth industry stakeholders which provides a platform to mitigate business risks in the rare earth value chain.
The chinese control rare earths for economic reasons, and there was nothing sinister, says analyst jack lifton of technology metals research. The company, cofounded by industry consultants jack lifton and gareth hatch, expects that global dysprosium oxide supply will meet only 5074% of demand through to 2015. Oct 08, 2019 the importance of rare earths to russia is not lost on president vladimir putin, whose ministries have provided funding for the sector that had all but disappeared in russia following the collapse of the soviet union in the early 1990s. Lifton spotted the lemhi pass thorium reserve discoveries early on, lifton has recently focused on world rare earth production, and as lifton has pointed out, rare earths will play important roles in the future of energy. So it is wise to proceed with caution, use stop orders to limit losses and book profits after big runs.
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