Wk3 - Critical Minerals Flashcards
What are critical minerals
essential for the production of advanced technologies
They are required for the economy and trade
What are strategic minerals
Required for the conduct of war, necessary to or important in the initiation, conduct or completion of strategic plan.
Essential to a country’s defence.
What are HREE
Heavy rare earth elements
What are LREE
Light rare earth elements
What determines how many critical minerals are defined by an organisation
the goals of the business.
How many critical materials did the European commission
14 materials
What are REE vital to
they are vital to some of the worlds fastest growing markets: clean energy and high technology
What are the rarest of the LREE
Neodymium (Nd)
What are the rarest of HREE
Europium (Eu)
Terbium (Tb)
Dysoprosium (Dy)
Yttrium (Y)
How many pounds of rare earth elements are in an electric and hyrbid cars
20 - 25 pounds
*this is double than found in a standard gasoline vechile
What is the life cycle of REE procucts
- mining
- physical beneficiation
- chemical treatment
- separation
- reduction, refining, purifying
*then recycling can occur going back to chemical treatment
What are the strategies for resource management
- Attracting investment into australia’s critical minerals sectors
- Spurring innovation in the critical minerals sector
- Infrastructure investment
What are the characteristics are involved in project and process developments
*build a proven team
*create a comprehensive view of the project
*regular meetings
*fieldwork and sampling
*metallurgical testing
*due diligence and auditing
*pre-feasibility and feasibility studies
