German Company Finds Rare-Earths Resources in Madagascar

Dec. 20, 2011
Tantalus Rare Earths says early-stage indications are 'encouraging.'

Tantalus Rare Earths, a German company specializing in the exploration of rare earths, said Tuesday it has come across what it believes to be important deposits in a region of Madagascar.

Tantalus Rare Earths said it believes it has found 130 million tonnes of lateritic clay that contains rare earths -- which are used in the production of high-tech products such as electric cars, wind turbines, flat screens and computer disk drives -- on the Ampasindava Peninsula in northwestern Madagascar.

"Mineralogical and process test works are still at an early stage. However, there are encouraging indications that the mineralized material has similarities with the ion absorption clays found in China," a statement said.

"These ion absorption clays are the world's largest source of the less commonly occurring and more highly priced 'heavy' rare earth oxides."

Tantalus Rare Earths estimates that world demand for rare earths will practically double by 2015 to 125,000 tonnes per year.

China currently produces around 95% of the world's rare earths but earlier this year it crimped supplies in what it said was a move to ensure its own supplies even as prices rose sharply as a result.

Copyright Agence France-Presse, 2011

Popular Sponsored Recommendations

Decarbonizing Your Supply Chain: Striving for Net Zero

Feb. 12, 2024
Manufacturers face mounting pressure to decarbonize operations and supply chains. Meeting regulatory goals demands bold action and transparency. Collaboration with suppliers offers...

Shop Floor Optimization Solves Manufacturers’ Labor Challenges

Dec. 27, 2023
Read this FAQ to learn how mid-market manufacturers can use technology to optimize their shop floors and make better use of their available labor forces.

Smart Factory Impact on Manufacturing KPIs

Feb. 1, 2024
Explore the transformative power of Smart Factory solutions beyond OEE metrics. This whitepaper outlines the untapped potential, revealing how a holistic approach can elevate ...

The Year of Results: Four Expectations for 2024 Manufacturing

Feb. 1, 2024
In 2024 manufacturers will need to focus on results, from achieving operational excellence to enhancing digital transformation, to navigating compliance. Stay ahead with crucial...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!