Wind turbines at sea and also certain types of wind turbines on land operate with generators that are permanent magnets. Rare earth magnets are permanent magnets consisting of ferrous metals and rare earths. The magnets used contain rare earths such as neodymium, dysprosium or terbium, among others. Without rare earths, an energy transition is hardly possible. For example, up to three kilograms are built into an electric car. A wind turbine can contain up to 300 kilograms of the sought-after materials. Europe is very dependent on China for rare earths, which does not necessarily lead to enthusiasm. The mining process is also often not particularly sustainable. Besides China, Brazil and Russia have the largest reserves.

In photovoltaic systems, special metals are also needed to manufacture the solar cell, in addition to steel, concrete, copper and aluminum. Silicon and silver are important components. Lithium-ion batteries are used for energy storage, which means that lithium and cobalt are involved. Cobalt usually comes from the somewhat problematic Congo. Cobalt is also found to some extent in magnets.

Green Shift Commodities – https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ – is one of the companies that provide raw materials for the energy transition. The Canadian-based company aims to explore and develop battery raw materials and uranium in South America. The Berlin project in Colombia, for example, contains uranium, rare earths such as vanadium, and nickel and phosphate. Historical mineral resources and positive metallurgical results demonstrate the potential of the deposit.

Rare earths, cobalt, and lithium are held by US Critical Metals – https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ – in its projects. They are located in Nevada, Idaho and Montana.

Current corporate information and press releases from US Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).

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