Expert: Algeria is sleeping on a priceless treasure

Economist Abdelkader Soleimani believed that Algeria was sleeping on an “indestructible treasure” and significant wealth, as it has 38 classic minerals in its soil, in addition to a significant supply of rare minerals.

He pointed out that these minerals or dust, despite their importance, require their exploitation.

He emphasized the need to control mining and refining technology, as they are toxic materials, and to control the extraction routes, that is, the transformation of dust into alloys, with the need for a forming system, a common focus and a clear economic vision.

Economic expert Abdelkader Soleimani confirmed in a statement to Al-Khabar: “It is nice that Algeria has an important reserve of rare earths or minerals, whether the reserve is in the 10 or 20 percent range, because there is no research and accurate surveys in the field. conditions, except that the evaluation of such minerals will require control over the technology of extraction and processing, since they are toxic materials as well as mining, i.e. turning them from dust into ingots.

The expert cautioned that rare earth metals or rare earth elements, as defined by the International Union of Pure and Applied Chemistry, are a group of 17 chemical elements in the periodic table, in particular scandium, yttrium and lanthanides. material in green production, but the problem lies in the complexity of its extraction and processing, especially since it is very polluting, which requires control over technology and skilled labor to control the extraction and processing.”

The expert explained that rare earth elements or minerals have returned to the fore, especially with the statement of French President Emmanuel Macron about the possibility of cooperation between Algeria and France in the development of these rare earth elements or minerals, adding that “the world is witnessing a huge technological revolution and means of communication such as phones, for example, when we take an iPhone, we find that it contains eight rare minerals, while a total of 17 minerals are considered, which are included in the production of modern equipment and laser weapons, and we see that the technological revolution , especially with China’s entry into the development and exploitation of these minerals, and increased competition between China, America and Britain in particular, gives it importance.

In the same context, Abdul Qader Soleimani noted: “The trade in rare earths is about $1.5 billion, but its importance lies in their multiple and diverse uses, including military, technological and electric vehicles. It is noteworthy that minerals are present in most countries, but processing and conversion operations are located in China, because their exploitation requires heavy and modern equipment and very advanced technological facilities, China’s huge mining capacity allows it to control 85 percent of production and trade. rare earth oxide and 90 percent. magnetic materials, and this Chinese control over processing and mining has sown great fear in the West.

On the other hand, the economic expert stressed that President Abdelmajid Tebbun had previously stressed the importance of increasing the value of natural resources, pointing out the importance of conducting accurate research and surveys to determine the actual opportunities, whether in terms of stocks or stocks, to ensure investment is attracted. in the field, with the adoption of a vision that guarantees the achievement of a valuable surplus, with the establishment of processing, processing and mining plants, similar to what is supposed to be done regarding the exploitation of iron Ghar Jbeilat in terms of an integrated approach. Instead of selling a ton of iron, for example, 200 dollars, the amount of recycled iron is sold, for example, at a price of about $500 per ton. network and ensures comprehensive and sustainable development by having access to metal poles in mining and processing.

The expert emphasized the need for education and training in the field of mining, partnering with countries with experience in this field, be it China, South Africa or others, and avoid exporting or selling raw materials.

Source: news

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