{"id":51397,"date":"2024-09-25T11:56:15","date_gmt":"2024-09-25T10:56:15","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=51397"},"modified":"2024-09-25T11:56:15","modified_gmt":"2024-09-25T10:56:15","slug":"rare-earth-elements-in-extinct-volcanoes-boost-australias-supply","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/rare-earth-elements-in-extinct-volcanoes-boost-australias-supply\/51397\/","title":{"rendered":"Rare earth elements from extinct volcanoes could boost Australia’s supply chains"},"content":{"rendered":"
A study performed by experts at The Australian National University (ANU) and the University of the Chinese Academy of Science has identified an enigmatic iron-rich magma in extinct volcanoes that is believed to be abundant in rare earth elements.<\/p>\n
This novel source of these critical raw materials could help elevate Australia as a globally-leading source of rare earth elements, which are essential for an array of every day and green technologies.<\/p>\n
Currently, China is home to the World’s largest rare earths deposit, while Europe’s largest is located in Sweden.<\/p>\n
With this discovery, Australia potentially has the opportunity to spearhead the rare earth elements industry.<\/p>\n
Rare earth elements are a group of 17 metallic elements, including lanthanides, scandium<\/a>, and yttrium, known for their unique magnetic, luminescent, and electrochemical properties.<\/p>\n Although relatively abundant in Earth’s crust, these elements are challenging to extract in concentrated, economically viable amounts. Their specialised characteristics make them critical for a wide range of advanced technologies, particularly in green energy solutions.<\/p>\n