Sheesh

Neodymium (Nd) is by far the most valuable RE metal by volume (few sellers).

Tons Per Year(tpy) vs Markup:

Global Iron Ore production 3.3 billion tonnes per year (tpy)
Global Steel Production 2.3 billion tpy

Conversion Markup: Oxide to Metal 200 to 500%

New Global Nd Oxide Production* ~ +30,000 tpy
New Global Nd Metal Production* ~ 25,000 tpy

Conversion Markup: Oxide to Metal ~ 10%
The chemical process of converting iron ore to steel and RE oxides to metal is exactly the same. Iron to steel tends to be large batch & mechanized, rare earths are produced in small batches, by hand (literally by hand)

Iron ore to steel is not the same as Nd oxide to Nd.

Iron ore to iron is the same reaction – extracting the oxygen even if it has to be done in a different way – but then you’ve got to get iron to steel by adding in carbon……

9 thoughts on “Sheesh”

  1. Clearly they put lumps of rock in a crucible and smash it with a pestle until it turns into unicorn dust. I’ve seen it at the industrial heritage museum!

  2. Iron ore is not as large a market, when measured in tonnes, as coal or oil, so it’s not the second-largest.
    I didn’t get far enough down the page to reach the howler …

  3. The person who wrote this did not proof-read (or at least not while sober).
    “most valuable RE metal by volume”
    “Conversion Markup: Oxide to Metal 200 to 500%
    New Global Nd Oxide Production* ~ +30,000 tpy
    New Global Nd Metal Production* ~ 25,000 tpy
    Conversion Markup: Oxide to Metal ~ 10%”
    “The increase in the price of Neodymium oxide to Neodymium metal appears to be a 20% increase, but this does not reflect that it takes nearly 1.2 Kg of Neodymium to make 1 Kg of Neodymium metal. Adjusting for this the increase is less than 10%.” Yeah: well, 0% is less than 10% …
    There is a decent university in Dundee, but it’s called the University of St. Andrew’s.

  4. There is a decent university in Dundee, but it’s called the University of St. Andrew’s.
    Not only a feral apostrophe but also the wrong county. John77, probably best you don’t visit the Kingdom of Fife…

  5. Hmmmyeah… oxide to metal.. fine..
    And those huge factory complexes, smelters and doodads come for free, eh? I imagine those steel workers do their 24/7/52 shifts out of the goodness of their sweet lil’ hearts for free as well..

    How would the markup on a loaf of bread be if you just compare needed weight of wheat at bulk price v/s the price of a loaf at the supermarket up to fancy patissier?
    I can’t remember even P³ being that stupid… ( close, but not quite this level..)

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