Rare Earth Elements supply vs. clean energy technologies: new problems to be solve

Zhou Baolu (), Li Zhongxue (), Zhao Yiqing, Zhang Cong and Wei Yixin
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Wei Yixin: Department of Mineral Resources Engineering University of Science and Thechnology Beijing, Beijing, China

Gospodarka Surowcami Mineralnymi / Mineral Resources Management, 2016, vol. 32, issue 4, 29-44

Abstract: Rare earth elements (REEs) provide important properties to clean energy technologies such as wind turbine and hybrid electric vehicles. The global REE demand will grow rapidly during the global transformation toward a greener economy in the next decades. This high demand will require a steady supply chain in the long run. China has a monopoly of global REE production and extraction. The global REE supply chain runs the risk of disruption along with Chinese REE policy evolution. To overcome this supply chain vulnerability, new strategies and measures should be adopted to satisfy future REE supply/demand. There is a pressing need to explore REE deposits, develop efficient REE recycling techniques from end-of-life products, improve substitution technologies for REEs, and reduce the number of critical REEs used in devices. Such measures are facing significant challenges due to environmental factors and an unbalanced market, and overcoming them requires efforts from government and REE companies.

Keywords: rare earth element; clean energy technology; supply chain (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:gosmin:v:32:y:2016:i:4:p:29-44:n:9

DOI: 10.1515/gospo-2016-0039

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