REITA Members’ Shared Beliefs / Principles

• The necessity of creating globally competitive and diverse supply chains for Rare Earth technologies including those for magnetic, optical, specialty alloy, electronic, photonic and catalytic applications.

• Economically viable RE resources outside of China need to be carefully evaluated, developed and commercialized in light of
  • the long term global supply and demand forecasts for Green Energy technologies
  • coupled with the fact that it takes five to ten or more years and hundreds of millions of dollars to bring a Rare Earth property into production
• Recycling of RE materials should be employed whenever practicable
• Given the projected demand for RE materials and high costs and risks of developing new RE resources, the amount of RE materials used in a given application needs to be minimized to conserve the resource. High yield commercial RE mining and separation plants that produce high purity RE oxides and metals is not enough to insure success; all downstream links in the supply chain to the OEM need to utilize technologies that maximize product yield while minimizing waste and lowering costs.
• Excellence in environmental stewardship
• Development of new applications for RE materials
• Sharing of accurate and unbiased information about all aspects of Rare Earth supply issues benefitting the entire industry
• Significant expansion in Rare Earth science and applications curricula and research in collaboration with industry is a requisite for commercially sustainable and diverse supply chains by creating the intellectual infrastructure to support the industry.  
• Anti-trust compliance