Julie Steinberg of The Wall Street Journal reports on a recent discovery of rare earth metals.
- A 16,000 acre coal mine in Wyoming may be home to one of the largest reserves of rare earth metals in the world.
- Located in Sheridan, the mine is estimated to have as much as 1.1 million metric tons of rare earth-oxides and is valued at $37 billion.
- This discovery is vital to the U.S.’ efforts to diversify its rare earth supply chain away from China.
“The U.S. consumed an annual average of 8,300 metric tons of rare-earth oxides in recent years, according to estimates from the U.S. Geological Survey. Ramaco and its third-party consultant estimate there are as much as around 1.1 million metric tons of rare-earth oxides in just over a quarter of the nearly 16,000 acres of land that comprise the site.”
Read the full article here.
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