GREY:KIRRF - Post by User
Post by
u308goldon Nov 16, 2011 12:52pm
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Post# 19242005
Major Rare-earth Discovery in South East Labrador.
Major Rare-earth Discovery in South East Labrador.Rare-earth metals
The Difference Engine: More precious than gold
Today, some of the more valuable rare earths can fetch $1,000 a pound ($2,200 per kilogram).
With worldwide demand for rare-earth metals amounting to 134,000 tons last year, and only 124,000 tons being produced, the difference has had to be made up from dwindling stockpiles. By 2012, demand is expected to reach 180,000 tons, which could exhaust the world’s remaining inventory. The result has been panic throughout industrial countries.
Alexis River area in Southeast Labrador, Canada has found one of the Worlds Biggest Rare-earth discoveries in 2011. check out Company’s who have claims in Labrador.