All across the world Governments are encouraging investment in low carbon technologies, from wind-energy generation to electric vehicles. Investing in such technologies has technical, financial and political challenges. Security of supply of raw materials that are essential to the provision of current and emerging low carbon technologies is an issue that must not be overlooked.
Rare Earth metals are a case in point. The current generation of hybrid and electric vehicles and wind turbines uses substantial quantities of Rare Earth elements in the form of high-strength magnets and rechargeable batteries. The key Rare Earths used for these applications are neodymium, dysprosium and terbium (for the permanent magnets) and lanthanum (for the batteries).
Metals security Read more
The issues around materials criticality can be quite complex, and vary considerably from metal to metal. Most metals do not suffer from an absolute scarcity in the Earth’s crust, though they may be dispersed in a way that makes them costly to extract. More frequently they are unavailable to the market due to their limited supply from a small number of high grade sources, combined with policies developed around resource nationalism or export taxes and quotas. In addition responses to mitigate metals security (e.g. recycling, reuse, substitution) require a good understanding of the supply chain, technology evaluation and the science behind their applications.
Metals recovery Read more
Metals recovery is put forward as a key approach for alleviating material security concerns (along with substitution). Recovery rates are often hampered by a lack of collection and separation of the products, particularly for speciality metals where the degree of dispersion can be high. For many metals recycling technologies do exist to at least demonstration level, but implementation for large scale recycling will require significant investment. This has the potential to complement primary extraction, although not replace it due to the forecast demand growth rates and longevity of products.
Oakdene Hollins has in-depth knowledge of the sector and excellent capability to conduct any analysis around materials security, scarcity issues and responses. We have conducted work for governmental organisations, mining companies and private investors.
Some of our reports in this area are available for download; others are sensitive and are not for publication. If there are further questions that you have on this issue please contact us.
JRC Report on Critical Metals in Strategic Energy Technologies (pub. Oct 2011)
Investing in Critical Metals (pub. June 2011)
Lanthanide Resources and Alternatives (pub. May 2010)
Titanium Sponge Production Cost Comparison (pub. May 2008)
Material Security – Ensuring resource availability for the UK economy (pub. Mar 2008)
The implications for electric motors & drives of rare-earth magnet cost reduction (pub. June 2002)