Chile to Emerge as China’s Competitor in Rare Earths Market

Bloomberg reported that a Chilean company, Mineria Activa is making efforts to grab some of the rare earth market in a much greener way than China, the world’s top producer of rare earth elements.

As quoted in the market news,

While operations in China typically pump ammonium sulfate into the ground and wait for the chemical to seep out with the minerals, at Biolantanidos the plan is to dig out the clay, put it through a tank-leaching process with biodegradable chemicals and return it cleaned to the ground, replanting pine and eucalyptus trees. It may be laborious, but Albornoz is hoping companies such as ThyssenKrupp AG, Apple Inc. and Tomahawk cruise missile maker Raytheon Co. will end up paying a premium, knowing their suppliers aren’t destroying the planet

Click here for the full Bloomberg report

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