What are Rare Earth Elements (REEs)? Discuss the multi-dimensional implications of uneven distribution of REEs in the world.
Introduction
Rare Earth Elements are a set of 17 lanthanides along with Scandium & Yttrium that are quintessential for modern technology due to unique electro-chemical properties
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Main Body
Rare Earth Elements are a set of 17 lanthanides along with Scandium & Yttrium that are quintessential for modern technology due to unique electro-chemical properties.
Uneven distribution of REE:
With a map showing distribution:
(i) Have 2/3 of REE in China & around 90% in south east Asia (including China)
(ii) China produces 95% of raffined REE - something in Wenshan mountain.
(v) Weaponization of supply chain => China uses it to get favorable trade agreements
(vi) Hindrance of global energy transition towards renewable => quintessential for REE (REE)
(vii) Geopolitical conflict => our access to REE be => South China sea dispute.
(viii) Economic disempowerment of countries without REE => huge hyper loss.
(ix) Increasing global inequalities
Use KABIL by May Discard => Create Rare Earth Department under Ministry of Mines for Extraction & Excretion
India's creation of Indian Rare Earth Ltd along with international ventures such as Critical Mineral Partnership are apt in adept direction towards critical mineral security.
Diagram
Map showing global distribution of Rare Earth Elements across Canada, USA, Kazakhstan, Russia, India, China, Vietnam, Brazil, DRC, Congo, and Australia
ARYAN SIRSIKAR
International Institutions, Agencies and Fora - Structure and Mandate
Important International Institutions
Important International Institutions
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