The Political Economy Of Rare Earth Elements

The contributors argue that rare earths are essential to the information technology revolution on which humans have come to depend for communication, commerce, and, increasingly, engage in conflict. They demonstrate that rare earths are a strategic commodity over which political actors will and do struggle for control.

Resource competition, mineral scarcity, and economic statecraft -- What are rare earths? -- Salt and oil : strategic parallels -- How China came to dominate the rare earth industry

Owing to their unique magnetic, phosphorescent, and catalytic properties, rare earths are the elements that make possible teverything from the miniaturization of electronics, to the enabling of green energy and medical technologies, to supporting essential telecommunications and defense systems. An iPhone uses eight rare earths for everything from its colored screen, to its speakers, to the miniaturization of the phone?s circuitry. On the periodic table rare earth elements comprise a set of seventeen chemical elements (the fifteen lanthanides plus scandium and yttrium). There would be no Pokémon Go without rare earths. Rare Earth Frontiers is a work of human geography. Klinger looks historically and geographically at the ways rare earth elements in three discrete but representative and contested sites are given meaning.

Over the past few years, the Chinese government has implemented a number of policies to tighten its control over the production and export of "rare earths"-a unique group of 17 metal elements on the periodic table that exhibit a range of special properties, such as magnetism, luminescence, and strength. Rare earths are important to a number of high technology industries, including renewable energy and various defense systems.

The resources race is on. Powering our digital lives and green technologies are some of the Earth's most precious metals -- but they are running out. And what will happen when they do? The green-tech revolution has been lauded as the silver bullet to a new world. One that is at last free of oil, pollution, shortages, and cross-border tensions. Now updated after several years of research across a dozen countries, this book cuts across conventional green thinking to probe the hidden, dark side of green technology. By breaking free of fossil fuels, we are in fact setting ourselves up for a new dependence -- on rare metals such as cobalt, gold, and palladium. They are essential to electric vehicles, wind turbines, solar panels, our smartphones, computers, tablets, and other everyday connected objects. China has captured the lion's share of the rare metals industry, but consumers know very little about how they are mined and traded, or their environmental, economic, and geopolitical costs. The Rare Metals Waris a vital exposé of the ticking time-bomb that lies beneath our new technological order. It uncovers the reality of our lavish and ambitious environmental quest that involves risks as formidable as those it seeks to resolve.

Contents: (1) Intro.; (2) What are Rare Earth Elements (REE)?; (3) Major End Uses and Applications: Demand for REE; The Application of REE in National Defense; (4) Rare Earth Resources and Production Potential; Supply Chain Issues; Role of China; (5) Rare Earth Legislation in the 111th Congress: H.R. 4866, and S. 3521, the Rare Earths Supply-Chain Technology and Resources Transformation Act of 2010; H.R. 5136, the FY 2011 Nat. Defense Authorization Act; P.L. 111-84, the FY 2010 Nat. Defense Authorization Act; (6) Possible Policy Options: Authorize and Appropriate Funding for a USGS Assessment; Support and Encourage Greater Exploration for REE; Challenge China on Its Export Policy; Establish a Stockpile. Illustrations.

The worldwide deployment of wind power plants is soaring. Yet the availability of their construction materials could be a potential bottleneck. As rare earth elements represent the most critical materials, Anja Brumme provides a market analysis of rare earths, ascertaining that geological scarcity is not the main problem. Instead, the author identifies four kinds of market failure: market power, co-production, by-production and negative externalities. It becomes apparent that the market for rare earth metals is in a state of severe disequilibrium. Subsequently, her estimate of future rare earth demand patterns based on the wind power industry by 2050 reveals that the current level of supply is unlikely to be sufficient in the long run. To allow for a more elaborate analysis, the author suggests two options of including a rare earth side condition in an integrated assessment model.