Here's an interesting article concerning rare elements and the world economy.

http://www.science.org.au/nova/newscientist/027ns_005.htm

An excerpt:

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Armin Reller, a materials chemist at the University of Augsburg in Germany,  
and his colleagues are among the few groups who have been investigating the
problem. He estimates that we have, at best, 10 years before we run out of
indium. Its impending scarcity could already be reflected in its price: in
January 2003 the metal sold for around $60 per kilogram; by August 2006 the
price had shot up to over $1000 per kilogram.

Uncertainties like this pose far-reaching questions. In particular, they call
into doubt dreams that the planet might one day provide all its citizens with
the sort of lifestyle now enjoyed in the west. A handful of geologists around
the world have calculated the costs of new technologies in terms of the
materials they use and the implications of their spreading to the developing
world. All agree that the planet's booming population and rising standards of
living are set to put unprecedented demands on the materials that only Earth
itself can provide. Limitations on how much of these materials is available
could even mean that some technologies are not worth pursuing long term.

Take the metal gallium, which along with indium is used to make indium gallium
arsenide. This is the semiconducting material at the heart of a new generation
of solar cells that promise to be up to twice as efficient as conventional
designs. Reserves of both metals are disputed, but in a recent report René
Kleijn, a chemist at Leiden University in the Netherlands, concludes that
current reserves "would not allow a substantial contribution of these cells" to
the future supply of solar electricity. He estimates gallium and indium will
probably contribute to less than 1 per cent of all future solar cells - a
limitation imposed purely by a lack of raw material.

================================

Considering that indium and gallium are already experiencing a geometric price
rise, I don't think the future of Nanosolar looks too bright. Research into
photovoltaics not depending on such scarce metals should be a priority.

Of course, even more preferable would be serious funding of cold fusion.

M.


      
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