Like warnings about the world's dwindling supply of helium, essential for operating MRI machines, news about the limited sources of rare earth elements seems to be flying under the radar of the public. These 17 metals are essential in the production of numerous hi-tech devices: aerospace components, battery electrodes, camera lenses, catalytic converters, computer memories, cordless power drills, energy-saving light bulbs, flat-screen televisions, fluorescent lamps, hybrid vehicles, laptops, lasers, magnets, military weapons, MRI contrast agents, night-vision goggles, portable x-ray machines, smart phones, welding goggles, and wind turbines. Listed below are the rare earths by symbol and name, with current pricing*:
- Ce Cerium(2nd image, 2nd clockwise from top center) $115/kg
- Dy Dysprosium $1,200/kg
- Er Erbium $260/kg
- Eu Europium $3,000/kg
- Gd Gadolinium (2nd image, 6th clockwise from top center) $210/kg
- Ho Holmium
- La Lanthanum (2nd image, 3rd clockwise from top center) $110/kg
- Lu Lutetium
- Nd Neodymium (2nd image, 4th clockwise from top center) $245/kg
- Pm Promethium
- Pr Praseodymium (2nd image, top center) $230/kg
- Sc Scandium $6,500/kg
- Sm Samarium (1st image; 2nd image, 5th clockwise from top center)
- Tb Terbium $3,500/kg
- Tm Thulium
- Y Yttrium $200/kg
- Yb Ytterbium
*Prices are from June 2011 for oxides, as depicted in 2nd image.
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