Rare resources are materials or substances that are not commonly found or are in limited supply. These can include natural elements like gold, platinum, and diamonds, which are valuable due to their scarcity and the difficulty involved in extracting them. Rare resources can also refer to unique ecosystems or habitats that support specific species, making them vital for biodiversity. The rarity of these resources often leads to increased demand and higher prices in the market. Additionally, the extraction and use of rare resources can have significant environmental impacts, prompting discussions about sustainable practices and conservation efforts to protect these valuable assets for future generations.