General characterization of rare earth elements

Emilian Dobrescu ()

THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, 2012, vol. 21, issue 1, 25-32

Abstract: For the first time in economics use this phrase - "rare earth economy" as a discipline border, which is holding up the subject of the Economy as General Science, to the subject of this new frontier scientific disciplines - economics RARE EARTH - studying production, distribution, circulation and consumption of earth rare. This border is a science derived from Economics, whose object of study is rare earth production and use economy.On the Planet, over a quarter of new production technologies using rare earth economic goods, which are also called critical minerals and industries that rely on precious items worth an estimated nearly 5 trillion dollars, or 5 percent of world GDP. In the near future, competition will increase and local economic competition for control of rare earth minerals embedded in high-tech products. Rare minerals are in the twenty-first century what oil accounted for the twentieth century and coal XIX century: the engine of a new industrial revolution. In the periodic table, created by Russian scientist Mendeleev, you can see the position of rare earth - they occupy places from 57 to 71 of Table. Rare earth metals are a group of similar properties that include scandium (21Sc), yttrium (39Y) and 15 lanthanides, all chemicals are not rare, but highly reactive.

Keywords: critical metals; permanent magnets; rare earth; rare minerals; rare earth deposits; rare earth economy (search for similar items in EconPapers)
Date: 2012
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