The US government has sunk $25m in to a London-based mining group that specialises in producing rare earth metals, as it attempts to loosen China’s stranglehold on the global flow of minerals like cobalt and lithium.
The investment in TechMet will go towards developing a mine in Brazil that produces nickel and cobalt – both essential ingredients for mobile phones, electric vehicles, and batteries.
Nickel and cobalt – and even lithium – are not rare earth metals. It’s like describing a book as a dance. Sure, both arts or entertainments but we do still distinguish more finely.
Rare earths are lanthanum to lutetium plus yttrium and scandium. Nowt else.