The rare earth riches buried beneath Greenland’s vast ice sheet | Environment

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  • Arctique Groenland Matières premières Terres rares

    The rare earth riches buried beneath Greenland’s vast ice sheet | Environment | guardian.co.uk

    http://www.guardian.co.uk/environment/2012/jul/31/rare-earth-greenland?newsfeed=true

    Small group of 17 elements is in extraordinary demand, but potential wealth must be balanced against environmental responsibilities.

    Detail of basalt, a volcanic rock found on Heart mountain, Uummannaq, North-Greenland, Greenland
    Detail of basalt, a volcanic rock found on Heart mountain near Uummannaq, Greenland. Photograph: Alamy

    Inside every wind turbine, inside computers, phones and other high-tech equipment from medical scanners to electric cars, are materials known as “rare earths”. This small group of 17 elements are in extraordinary demand – but their supply is limited, and most of the existing sources have already been snapped up by China in its quest for ever more rapid economic growth.

    Last month China – which controls more than 90% of the reserves of these essential elements – warned that its supplies were diminishing, despite quotas to limit exports. Beijing’s top officials said in a memo: “After more than 50 years of excessive mining, China’s rare earth reserves have kept declining and the years of guaranteed rare earth supply have been reducing.”