{"id":32084,"date":"2023-04-27T08:52:23","date_gmt":"2023-04-27T07:52:23","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?post_type=ebook&p=32084"},"modified":"2024-02-21T14:32:22","modified_gmt":"2024-02-21T14:32:22","slug":"securing-sustainable-supply-rare-earth-elements","status":"publish","type":"ebook","link":"https:\/\/www.innovationnewsnetwork.com\/ebook\/securing-sustainable-supply-rare-earth-elements\/","title":{"rendered":"Securing a sustainable supply of rare earth elements"},"content":{"rendered":"
To limit global warming, countries around the globe must cut fossil fuel use and transition to renewable energy sources. For as many sectors as possible to partake in this electrified transition, huge numbers of wind turbines, electric vehicles, energy storage technologies, and solar panels will be required. For these to be manufactured in tandem with rising demand, a growing amount of rare earth elements are required.<\/p>\n
Rare earth elements are a group of 17 chemical elements used in the manufacture of technologies where weight is a limiting factor. Demand for these metals is expected to grow by 400-600% over the next few decades for the facilitation of the global energy transition.<\/p>\n
This is a problem for the Western world, as China controls 90% of the rare earth market, rendering supply chains vulnerable and susceptible to disruption. Recently, in response to the US\u2019 decision to restrict exports of high-end semi-conductors to Beijing, China has threatened an export ban on rare earth elements \u2013 highlighting the importance of the West securing a domestic supply of these essential metals.<\/p>\n
With contributions from vital players in the rare earths sector, this eBook will highlight the significance of rare earth elements for the green energy transition and the importance of Western countries supplying their own sustainable supply chains of rare earths.<\/p>\n
One company that is assisting in this endeavour is Ionic Rare Earths<\/a>, who is making strides in securing a sustainable magnet and heavy rare earths supply chain for Western customers. The company\u2019s flagship Makuutu Rare Earths Project<\/a>, located in Uganda, stands out from the crowd of rare earth projects, and has the potential to be a future supplier of rare earths.<\/p>\n