Turkey’s Massive Rare Earth Mineral Reserve Is Great For EV Industry And Bad News For China

“We will process 570,000 tonnes of ore annually. We will obtain 10 thousand tonnes of rare earth oxide from this processed ore. Also, again, 72 thousand tonnes of barite, 70 thousand tonnes of fluorite, and 250 tonnes of thorium, which I would like to underline especially. We are talking about an element, a mineral that will offer great opportunities and possibilities as a new fuel in new nuclear technologies.” said Donmez.

According to Turkey’s Energy and Natural Resources department, the pilot phase of the new mine will be completed within a year after initial research and development are conducted by various academics and engineers from Turkey’s finest universities.

“We include the capacity to produce 600 tonnes of lithium annually into the system,” said Donmez, and that’s what the automotive industry is really interested in.

While it has yet to provide a complete list of the rare elements it will mine, Donmez stated that ten of the 17 elements currently classified as rare would be excavated.

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