What is its importance ? How much there is in the world? What is the process used to obtain the element?

Colorado Rocks, Minerals, & Rare Earth Elements

Colorado is a state rich in minerals, rock types, and rare earth elements, mainly due to its rich geological history. This Discussion has 2 parts, and you must write a paragraph on each: part 1 is on a time period where you will talk about what happened in Colorado’s at that time, and part 2 is about a rock type or mineral from the period you choose.
What is now the state of Colorado has a rich geologic history. Here are several major geologic events and their time ranges in the formation of Colorado :
The Laramide Orogeny from 70 to 50 million years ago ;
Your description must include:
Where it is located?
What is its importance ?
How much there is in the world?
What is the process used to obtain the element?
How expensive is it?
Are there political issues connected with its supply or demand?