Rare Metals Found

A bizzarre and special island off the South West shores of Greenland could change the future of earth materials forever as unique and special metal material has been found. The metals were found beneath the rocks and ice of the llimaussaq Intrusion and currently represents the world’s largest known reserve of rare earth metals. This find could easily challenge the dominance that China has had over metal fabrication with, Beijing being the top gun in the field for many years. At the moment, Beijing has over 95% of the metal trade in it’s grasp. China has been putting years and years worth of focus and concentration into their steel industry and that is why they are the most influencial power in the world.

According to the mining community, Greenland will have an amazing hand of luck over the coming years as it is currently negotiating sovereignty from Denmark which will mean that any natural materials found in Greenland will be their property alone which will help maximise trade with other countries. The cost of extracting the rare earth metals will be offset by the profits from extracting uranium from the same site, effectively preventing China from undercutting the operation on price, which is how it obtained its dominance over the world market in the first place. The metal will be particularly useful for companies who focus in tube manipulation and steel fabrication so it will be extremely valuable. Rare materials are extremely valuable that the Japanese Government are creating plans to draw up a strategic national reserve to try and compensate for not getting in on the action. With the discovery of these rare earths the market will become more transparent and fairly priced therefore alleviating the heavy cost of metal for business and corporations all over the world. This change will have a dramatic effect on the metal industry and I am very excited to see what various changes it will bring about in the future.

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