| 'Lights out' help migratory birds A growing number of New York sky-scrapers switch off their lights at night to help reduce the number of migratory birds hitting the buildings. bbc.co.uk |
Jupiter making closest approach in nearly 50 years By MARCIA DUNN 2010-09-17T22:14:25ZCAPE CANAVERAL, Fla. (AP) -- Better catch Jupiter next week in the night sky. It won't be that big or bright again until 2022. Jupiter will pass 368 million miles from Earth late Monday, its closest approach since 1963. You can see it low in the east around dusk. Around midnight, it will be directly overhead. That's because Earth will be passing between Jupiter and the sun, into the wee hours of Tuesday.... hosted.ap.org |
New Planet May Be Able to Nurture Organisms Astronomers saw the distant planet capable of harboring water as a “Goldilocks planet”: not too hot, not too cold. feeds.nytimes.com |
Offshore Wind Power Line Wins Backing Google and a financial firm have agreed to invest in a proposed $5 billion system for offshore wind farms that could transform the East Coast’s electrical map. feeds.nytimes.com |
Chinese moves to limit mineral supplies sparks struggle over rare earths • China produces 97% of the world's supply of rare earths• China says exports quota is cut by 72% to ensure sustainabilityThe price of crucial minerals used in everything from smart phones to wind turbines and radar systems – and the shares of companies seeking to produce them – are soaring after Beijing slashed global supplies.China produces as much as 97% of the world's supply of so-called rare earth elements, but has drastically cut back exports, to the concern of foreign businesses and governments.The move has seen prices rise as much as nine-fold in a few months and given new impetus to mining firms across the world that have long been seeking to develop deposits. But analysts warn that stocks in such firms are reaching unrealistic highs in an investment surge which some compare to the dotcom bubble.Despite their collective name, the 17 elements are not rare. According to the US geological survey, China has only about a third of the deposits and for many years a US mine run by Molycorp was the main global supplier.But the minerals are expensive to extract and process and China's expansion into the market saw prices plummet. Analysts say its labour costs are kept low and looser environmental laws, and the fact that the main deposit at Baotou in Inner Mongolia is also an iron ore mine, that keeps overall processing costs down.Now Molycorp is looking to reopen its Mountain Pass mine in California, which closed in 2002, and a host of other firms are attempting to develop deposits.Although China began tightening export quotas some time ago, the industry was shocked when it slashed the export quota for the second half of 2010 by 72% year-on-year. Beijing said it wanted to ensure sustainability and curb environmental damage.The government has also consolidated the industry, closing smaller mines and seeking to create stronger, more efficient enterprises.But the overseas facilities now under development are well over a year away from production, at best."It's all down the road – and everyone is worried about today and tomorrow," said Suzanne Cammell of Metal-Pages."If you don't get rare earths, you can't produce anything; that's why there's a panic."In early July, cerium oxide, used in the manufacture of ceramics and photosensitive glass, was $6-7 a kilo, she said. Later that month the price started to leap; now it is $36-38. Samarium, used in magnets for items such as headphones and carbon arc lights for the film industry, cost $4.25-$4.75; now it is $34-35.BubbleThe soaring prices produced dramatic gains for related stocks. The Financial Times reported that an index of shares in rare earth companies, from research firm Kaiser Bottom-Fish Online, has increased 12-fold in less than two years and by more than a third in the last month.It pointed out that the combined market capitalisation of six junior mining firms had reached almost $7bn (£4.5bn) although they are not yet mining rare earths and the market is worth about $2bn annually."It is a bubble. There is no doubt about that," said Gareth Hatch, co-founder of Technology Metals Research.But he said usage was increasing fast because rare earths are now used in so many consumer goods and because of the growing demand for such items in emerging economies.They are also vital for green technology developments: one wind turbine generating 3 megawatts of power might require 600kg of rare earths for its magnets, he said.Last year, global production stood at 124,000 tonnes. Lynas, which is developing a major rare earths project in Australia, reported that demand would increase by an average of 9% a year until 2014, but that supply would only grow to 170,000 tonnes, leaving a shortfall of about 20,000 tonnes. The Chinese Rare Earths Industry Association has predicted demand will rise by almost two-thirds within five years.China will use an increasing amount of its production itself. Some also fear Beijing may use quotas to promote domestic manufacturing because export controls apply solely to the raw materials, not alloys or components.That makes foreign governments anxious, particularly following reports that China has cut some shipments to Japan.On Sunday, the Japanese trade minister Akihiro Ohata urged China to begin shipping rare earths again, saying the Chinese vice minister of commerce had told him customs had tightened checks on rare earth exports to all destinations. China has denied claims that it is punishing Japan over a maritime dispute and earlier this month premier Wen Jiabao insisted: "China is not using rare earths as a bargaining chip."QuotaIn a statement last week the commerce ministry denied reports it might cut the export quota for 30% year-on-year and said China would continue to supply rare earths to the world."At the same time, to protect usable resources and sustainable development, China will also continue to impose restrictive measures on exploration, production and import and export," it added.For all the industry's hype, said Hatch, there is an underlying problem."Despite the relatively low value of these materials, the technologies enabled by rare earths and components that contain rare earths run into the trillions of dollars," he said."There is certainly going to be an issue in the next zero-to-three years where there will be a gap between material available from China and actual demand outside."MiningChinaInternational tradeAutomotive industryGeologyRenewable energyWind powerTania Braniganguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds guardian.co.uk |