Sometimes dubbed the "vitamins of the modern age
, rare earths are particularly
strategic resources, as entire sectors of our economy depend on them.
Indeed, how can we imagine doing without them today, when electric
mobility, smartphones, computers and wind turbines use them in "abundance"?
Our modern society's dependence on rare earths is a problem made
all the more complex by the fact that their extraction is difficult
and polluting, and that resources are very unevenly distributed across
the globe. According to current knowledge, China, Russia, Brazil and
Vietnam account for almost 90% of the world's rare earth reserves,
and China is the world's leading producer.
In 2010, China's near-monopoly situation led to the first rare
earths crisis, when China introduced restrictive measures on exports
of these resources and suspended shipments to Japan, following a political
dispute.
The rare earths crisis had the merit of revealing the urgent need
to diversify supplies. This led to an 18-fold increase in investment
in the mining export sector, and projects to explore, open or re-open
mining sites have since proliferated.
.
But beyond the extraction of rare earths, which remains polluting
and difficult, recycling projects have sprung up just about everywhere,
notably in Japan.
and more recently in Canada and Europe.
This article provides an overview of rare earths. It covers issues,
markets, industrial applications, key players and presents the main
recycling projects.