A Visit to the Only American Mine for Rare Earth Metals
theatlantic.com
theatlantic.com
Sounds a bit weird: Would mining a thorium rich deposit have higher environmentally related costs? Isn't the thorium itself valuable as well?
Yes, absolutely!
> Isn't the thorium itself valuable as well?
Not at present. It's basically a waste byproduct at the moment. If it becomes widely used as a nuclear fuel in molten salt reactors, that might change. It is used in a few alloys, etc, but there aren't a large number of industrial uses for it.
People have a hard time understanding what the six-seven orders of magnitude difference in energy density between nuclear and chemical fuels means in practice. Basically, even if the entire world switches to being powered only by thorium, thorium will still mostly be a waste product.
For the amount of digging you need to power a single coal plant you could power the entire earth and still have most of your production idle.
Mining's a messy business, it's not like you just bring a lead box with you and drop an occasional nugget of thorium in while you get on with your other work.
Rising rare element prices might change this in the future.
Addendum: quick google search gave http://www.molycorp.com/ as a developer of recycling technology.
They can't. The mining of rare elements isn't constrained by resources, only cost. Setting up the kind of infrastructure needed for REE recovery would always cost more than mining, so if the prices start going up again, mining will just be expanded.
REE is usually used in small amounts in alloys, or especially in electronics, in very thin films and such. Because of this, simply shredding it doesn't quite do it -- after you ground it, what you have is basically a very poor ore of the material, and rather than extracting things from it, it would be cheaper to just get better stuff from the ground.
Ok, I am not an expert on the topic of REE mining, consumption and recovery, but I would say that availibility and access of mining sites are a strong factor e.g. at some point of rare earth element consumption the parties mining these elements might be able to dictate prices. I am pretty sure that RE mined in China might have a special tax for export.
Might be interesting to look up some cost information regarding the recycling and mining processes.
It's hard to build a monopoly on a resource when basically anyone can just start a new mine if you ask too much for it.
China does not have a separate export tax -- they have strict export quotas. This makes sense, as given how high the externalities of cheap REE mining are, it makes little sense for them to mine cheaply and then give it to foreigners.