The deposits discovered reportedly contain enough resources to meet global demand for 1,000 years—surpassing even China’s reserves. But experts are skeptical.
. “This deposit we have written about, it is similar to some of the big producing deposits in China,” says Goodenough. “It does have the potential to produce rare earths.”
If Turkey, or any other country, succeeds in upsizing the extraction of rare earth-laden minerals, that still leaves the question of where they will be processed. China leads the world on this front too, says Jon Hykawy, president and director of Stormcrow Capital, a consulting and research firm that focuses on rare metals.
“It takes a long time, it’s not cheap, and it takes a significant understanding of the process itself,” says Hykawy. The operation can take weeks to complete.
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