Rare Earth Elements

With reference to Rare Earth Elements(REE), consider the following statements:

  1. Rare Earth Elements (REE) is the collective name for 19 chemically similar metallic elements (the lanthanides, Scandium and Yttrium) that occur in a wide range of REE bearing minerals and are mined collectively.
  2. The principal economic sources of rare earths are the minerals bastnasite, monazite, and loparite and the lateritic ion-adsorption clays.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2