This is interesting news and of course trying to develop alternative sources of REEs is an ideal option... but as we all know, even if great strides are made with an endeavor such as this, it's going to be many years before we see any results.
In the short term, China is very strong here.
I like the concept, but investing in a company like GTSO would be a tremendous gamble.
Ultimately any alternative to a natural non renewable resource is going to be a great option. There is of course the time and cost involved with research and development. Assuming you can find a viable replacement, overall cost is going to be a factor. Could the manufacturing process price many companies out of the market?
Going through Mongolia instead of China will hopefully help the current exporting situation. I know firsthand of some companies that are trying to use loopholes by compounding some of the materials in China and them shipping that material to the states. It is a loophole showing they are exporting something other than just a raw material.
This seems lke an excellent opportunity. I.m sure the investment is high, but the reward could be tremendous. If I were a lagre user of REEs, I would definitely arrange to obtain materials from both sources as soon as possible to mitigate interruption of future supply.
Thanks to barbara for the article, as most of the non technical people may not be aware of the rare earth elements. As the high tech industry is concerned about the shortage of REEs, the supplying companies should work with other countries other than china , where REEs are available.
I'd definitely like to hear more from the companies on the risk/reward scenario. At the moment, REEs are used in minuscule amounts, but if green technology in the US ever takes off we really need to know the consumption forecasts of these materials; recycling re-use efforts; ramp-up time etc. Mining is also a dangerous and time-consuming effort, but the investing company sounds like they've already established themselves as an earth-friendly operation. It will be interesting to see how this develops.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.