01 Jan '13, 6am

Where will the Rare Earth Minerals for tomorrow's #EV's come from? #PHEV #Hybrid

Where will the Rare Earth Minerals for tomorrow's #EV's come from? #PHEV #Hybrid

As electric vehicles and plug-in hybrids are gaining in popularity, so is the need for the rare earth material currently used in the production of electric motors. China controls roughly 90 percent of the rare earth resources and has chosen to restrict exportations outside of its territory. While some efforts are being made to manufacture motors without rare earth, the material is still very much needed. In order to source rare earth here in North America, Denver-based Great American Energy , Inc. entered into an option agreement to acquire an undivided 60-percent interest in the Bear Creek Rare Earth Property. The property consists of 10 mining claims containing about 7,311 acres (2,959 hectares) a few miles northeast of the mining community of Trail, in British Columbia, Canada. Rare Earth Elements are critical to a wide range of products, including many emerging green e...

Full article: http://www.hybridcars.com/canadian-mined-rare-earth-in-yo...

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