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New discovery in Turkey that could save the West from Chinese dependence

2022-07-14 22:41:00Kosova&Bota SHKRUAR NGA REDAKSIA VOX
New discovery in Turkey that could save the West from Chinese dependence
New discovery in Turkey that could save the West from Chinese dependence

Heralded as a breakthrough that will break the green industry's dependence on China, a newly discovered deposit of rare earth metals in Turkey is said to be the second largest of its kind in the world.

A group of metals vital to alternative energy storage and potentially a major new source of hope for the electric car industry has been found near the city of Eskisehir in the central Anatolian plain. Fortunately for the West, that territory lies firmly within NATO territory, writes The Times.

The Turkish Ministry of Energy and Natural Resources claims that the 694 million tons of deposits contain enough rare metals to supply the world for the next thousand years.

Once this facility reaches full capacity, the Turks claim they are ready to process 570,000 tonnes of ore per year. This would certainly solve the problems that prevent the world from making the green transition and continue to produce large amounts of greenhouse gases, writes The Times.

New discovery in Turkey that could save the West from Chinese dependence
Turkish Minister of Energy and Natural Resources, Fatih Dönmez, examining the rare element

Skeptics point out that the amount of rare earth metals produced depends largely on the purity of the ore. The exact data on Turkish ores still remain hidden from the public.

But China is not worried at all. "China's technological and industrial lead in the global rare earth industry will continue well into the future," wrote the Global Times, a popular newspaper run by the Communist Party, citing industry insiders.

"The discovery of rare metal reserves in Turkey will have no impact on China's global position," the Chinese newspaper continued. Last year, the European Commission published data that 98 percent of rare metals in the EU were imported from China, while for the USA this figure is 80 percent.

It is for this that the Turkish discovery should at least offer some hope to the West, which, when it comes to the availability of rare earth metals, is quite desperate.

"I wouldn't say that this discovery will save the European markets, but it is certainly welcome news. Demand is growing so fast that we need many more locations,” said Ryan Castilloux, director of consultancy Adamas Intelligence.

The best hope for reducing greenhouse gas emissions is to replace internal combustion engines with battery electric cars. Britain and America have pledged to stop selling new petrol and diesel vehicles by 2045. But making batteries requires a range of ingredients, including 17 so-called rare earth metals, the production of which is of course led by China, whose territory produces 80 to 90 percent of global supplies.

Castilloux said estimates suggested the purity of rare earths in Turkey's deposit was about 2 percent, which would provide enough processed ore to satisfy the world market for 40 to 50 years — but only if demand remains at current levels. . But as the population grows, so does the demand. Current demand will increase drastically.


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