Iridium is a chemical element; it has symbol Ir and atomic number 77. A very hard, brittle, silvery-white transition metal of the platinum group, it is considered the second-densest naturally occurring metal with a density of 22.56 g/cm3 (0.815 lb/cu in) as defined by experimental X-ray crystallography. It is one of the most corrosion-resistant metals, even at temperatures as high as 2,000 °C (3,630 °F). However, corrosion-resistance is not quantifiable in absolute terms: although only certain molten salts and halogens are corrosive to solid iridium, finely divided iridium dust is much more reactive and can be flammable, whereas gold dust is not flammable but can be attacked by substances that iridium resists, such as aqua regia.
Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. The ore must be a rock or mineral that contains valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water.
Ore is natural rock or sediment that contains one or more valuable minerals concentrated above background levels, typically containing metals, that can be mined, treated and sold at a profit. The grade of ore refers to the concentration of the desired material it contains. The value of the metals or minerals a rock contains must be weighed against the cost of extraction to determine whether it is of sufficiently high grade to be worth mining and is therefore considered an ore. A complex ore is one containing more than one valuable mineral.
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver".
The rare-earth elements (REE), also called the rare-earth metals or rare earths or, in context, rare-earth oxides, and sometimes the lanthanides, are a set of 17 nearly indistinguishable lustrous silvery-white soft heavy metals. Compounds containing rare earths have diverse applications in electrical and electronic components, lasers, glass, magnetic materials, and industrial processes.
A period 5 element is one of the chemical elements in the fifth row of the periodic table of the chemical elements. The periodic table is laid out in rows to illustrate recurring (periodic) trends in the chemical behaviour of the elements as their atomic number increases: a new row is begun when chemical behaviour begins to repeat, meaning that elements with similar behaviour fall into the same vertical columns. The fifth period contains 18 elements, beginning with rubidium and ending with xenon. As a rule, period 5 elements fill their 5s shells first, then their 4d, and 5p shells, in that order; however, there are exceptions, such as rhodium.
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less chemically reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
A period 6 element is one of the chemical elements in the sixth row (or period) of the periodic table of the chemical elements, including the lanthanides. The periodic table is laid out in rows to illustrate recurring (periodic) trends in the chemical behaviour of the elements as their atomic number increases: a new row is begun when chemical behaviour begins to repeat, meaning that elements with similar behaviour fall into the same vertical columns. The sixth period contains 32 elements, tied for the most with period 7, beginning with caesium and ending with radon. Lead is currently the last stable element; all subsequent elements are radioactive. For bismuth, however, its only primordial isotope, 209Bi, has a half-life of more than 1019 years, over a billion times longer than the current age of the universe. As a rule, period 6 elements fill their 6s shells first, then their 4f, 5d, and 6p shells, in that order; however, there are exceptions, such as gold.
The platinum-group metals (PGMs), also known as the platinoids, platinides, platidises, platinum group, platinum metals, platinum family or platinum-group elements (PGEs), are six noble, precious metallic elements clustered together in the periodic table. These elements are all transition metals in the d-block.
Asteroid mining is the hypothetical extraction of materials from asteroids and other minor planets, including near-Earth objects.
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
The Mountain Pass Rare Earth Mine and Processing Facility, owned by MP Materials, is an open-pit mine of rare-earth elements on the south flank of the Clark Mountain Range in California, 53 miles (85 km) southwest of Las Vegas, Nevada. In 2020 the mine supplied 15.8% of the world's rare-earth production. It is the only rare-earth mining and processing facility in the United States.
Molycorp Inc. was an American mining corporation headquartered in Greenwood Village, Colorado. The corporation, which was formerly traded on the New York Stock Exchange, owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a 2014 restructuring. It was purchased by its largest creditor Oaktree Capital Management and was reorganized as Neo Performance Materials.
The rare earth industry in China is a large industry. Rare earths are a group of elements on the periodic table with similar properties. Rare earth metals are used to manufacture everything from electric vehicles (EVs), wind turbines, consumer electronics and other clean energy technologies. The rare earths cause improved system performance when for example electric battery terminal LiMn2O4 cathodes are doped with them, and it is known that some EVs use lithium-ion batteries such as these. Tesla automobiles "currently uses an lithium-nickel-cobalt-aluminum (NCA) chemistry, while lithium-nickel-manganese-cobalt (NMC) chemistries are common across the rest of the EV industry." Vehicle "manufacturers are keen to reduce reliance on rare earths, which like cobalt, suffers from highly concentrated supply and unpredictable pricing, with China holding a virtual global monopoly in primary supply and processing." Leading battery manufacturer Samsung SDI uses this technology for its phone and portable computer batteries.
Michael Nathan Silver is a business executive, philanthropist, art collector, and commentator. He is the founder and CEO of American Elements, a global high-technology materials manufacturer. He helped establish the post-Cold War rare earth supply chain from China to the U.S. and Europe. His philanthropy includes sponsoring materials science and green technology conferences and educational television programs on high technology and contributing funding to the arts. He served as a trustee of the Natural History Museum of Los Angeles County and serves on the directors council of the Getty Museum and on the board of directors of the Institute of Contemporary Art in Los Angeles, CA. He writes and speaks on science education and Sino-American relations.
The rare earths trade dispute, between China on one side and several countries on the other, was over China's export restrictions on rare earth elements as well as tungsten and molybdenum. Rare earth metals are used to make powerful neodymium, praseodymium, dysprosium and terbium magnets, defense products and many electronics.
Since 2011 the European Commission has assessed every 3 years a list of Critical Raw Materials (CRMs) for the EU economy within its Raw Materials Initiative. To date, 14 CRMs were identified in 2011, 20 in 2014, 27 in 2017 and 30 in 2020. These materials are mainly used in energy transition and digital technologies. Then in March 2023 Commission President Ursula von der Leyen proposed the Critical Raw Materials Act, "for a regulation of the European Parliament and of the European Council establishing a framework for ensuring a secure and sustainable supply of critical raw materials". At the time, Europe depended on China for 98% of its rare-earth needs, 97% of its lithium supply and 93% of its magnesium supply.
Electric cars have a smaller environmental footprint than similar sized internal combustion engine cars. While aspects of their production can induce similar, less or different environmental impacts, they produce little or no tailpipe emissions, and reduce dependence on petroleum, greenhouse gas emissions, and health effects from air pollution. Electric motors are significantly more efficient than internal combustion engines and thus, even accounting for typical power plant efficiencies and distribution losses, less energy is required to operate an electric vehicle. Manufacturing batteries for electric cars requires additional resources and energy, so they may have a larger environmental footprint in the production phase. Electric vehicles also generate different impacts in their operation and maintenance. Electric vehicles are typically heavier and could produce more tire and road dust air pollution, but their regenerative braking could reduce such particulate pollution from brakes. Electric vehicles are mechanically simpler, which reduces the use and disposal of engine oil.
A technology-critical element (TCE) is a chemical element that is critical to modern and emerging technologies, resulting in a striking increase in their usage. Similar terms include critical elements, critical materials, critical raw materials, energy-critical elements and elements of security.
The Moon bears substantial natural resources which could be exploited in the future. Potential lunar resources may encompass processable materials such as volatiles and minerals, along with geologic structures such as lava tubes that, together, might enable lunar habitation. The use of resources on the Moon may provide a means of reducing the cost and risk of lunar exploration and beyond.
