Despite their name, rare earth elements aren't rare at all - in fact, they're all over the place. They're in the US, Canada, Brazil, Australia, Vietnam, China,

Despite their name, rare earth elements aren't rare at all - in fact, they're all over the place. They're in the US, Canada, Brazil, Australia, Vietnam, China, India, Russia - and of course Turkey. [1] Most of the refining takes place in China, though, because only China is willing to pay the toxic environmental cost associated with actually doing so. This is what that process looks like. [2] It's good to diversify the supply to be sure, but the question is, will Turkey be willing to pay the environmental cost of refining? Or will China continue to take that on. We're not short of input ore, so if not, I suspect the market will continue to look much like it does in spite of this discovery. [1] https://www.visualcapitalist.com/rare-earth-elements-where-in-the-world-are-they/ https://www.visualcapitalist.com/rare-earth-elements-where-i... [2] https://www.bbc.com/future/article/20150402-the-worst-place-on-earth https://www.bbc.com/future/article/20150402-the-worst-place-...