Why in News? The US Army plans to fund the construction of a Rare Earths elements processing facility to secure the domestic supply of minerals that are used to make military weapons and electronics.
“Rare earth” are a group of 17 chemically similar elements crucial to the manufacture of many hi-tech products. Despite their name, most are abundant in nature but are hazardous to extract.
Global Production of Rare Earths Significant amounts of rare earth elements is produced in only a few countries. China is the dominant producer of Rare earth elements and is believed to be responsible for over 97% of the world mine production on a rare earth oxide equivalent basis. Other countries with notable production in 2009 were: India, Brazil, Kyrgyzstan and Malaysia. Minor production may have occurred in Indonesia, Commonwealth of Independent States, Nigeria, North Korea and Vietnam.
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However, because of their geochemical properties, rare earth elements are typically dispersed and not often found concentrated in economically exploitable ore deposits.
Despite having reasonably large resources in the country, historically India does not have a place in the global rare earth industry ecosystem.
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