Rare Earth Metals refer to a group of 17 chemically similar elements that are found in the Earth’s crust. These elements include the 15 lanthanides—such as lanthanum, cerium, neodymium, and europium—along with scandium and yttrium. Despite their name, rare earth metals are not particularly rare in terms of abundance; however, they are often dispersed and not found in economically exploitable concentrations, making their extraction and processing challenging.
These metals are crucial in the manufacturing of various high-tech products and applications, including electronics, renewable energy technologies, magnets, batteries, and catalysts. Their unique properties, such as high magnetic susceptibility and luminescence, make them valuable in industrial processes and advanced tech industries.
Due to their increasing demand and limited sources, the supply of rare earth metals is often subject to geopolitical tensions and market volatility.
Energy Fuels Inc. prepares to announce its Q4 2024 earnings, aiming to achieve break-even status amid industry challenges. The company is a key player in the uranium and rare earth…