Rare-earth metals consist of terbium, that is used in flat-panel TVs and high-efficiency fluorescent lamps, and neodymium, crucial for the permanent magnets in high-efficiency electric motors. Rare-earth metals aren't that uncommon. The series of nonferrous metals is common in the environment. As reported by Design Chain Associates, the majority of rare-earth metals are as common as copper, and even the rarest is more common than gold.
Part of the market pressure on rare-earth minerals is from new demand that green technologies has prompted. The market, including electric- and hybrid-vehicle motors and wind turbines, needs magnets.
American Video Teleconferencing Corp. (Pink Sheets:AVOT.PK) ("the company") has announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines.
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