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Source:As demand for rare-earth elements pushes up prices, Windpower Monthly looks at how the wind industry is applying the lessons learned from the last price hike in 2011.A sudden spike in the price of rare earths in 2011 rang alarm bells in the wind industry, particularly among turbine manufacturers using permanent-magnet generators.Prices soon fell back to almost pre-crisis levels, but increasing global demand is now starting to push them up again with significant implications for the wind energy industry.The backgroundRare earth elements (REEs) are minerals found in relative abundance acr...
Release time: 2018 - 12 - 18
Source:Rare earth metals are used in solar panels and wind turbines—as well as electric cars and consumer electronics. We don't recycle them, and there's not enough to meet growing demand.A new scientific study supported by the Dutch Ministry of Infrastructure warns that the renewable energy industry could be about to face a fundamental obstacle: shortages in the supply of rare metals.To meet greenhouse gas emission reduction targets under the Paris Agreement, renewable energy production has to scale up fast. This means that global production of several rare earth minerals used in solar panels...
Release time: 2018 - 12 - 14
Source:Yahoo Singapore NewsPresident Trump's tariffs on rare-earth metals from China should have been a boon to the only US rare-earth minerals mine in California. But a recent Wall Street Journal article illustrates that, given the complex nature of the global economy, those tariffs have actually put the Mountain Pass mine in a tough place.A hedge fund recently bought Mountain Pass out of bankruptcy after several companies attempted to turn a profit from it. Six months later, the WSJ wrote, Trump announced tariffs that should have helped the mine supply more domestic rare-earths at a higher p...
Release time: 2018 - 12 - 13
Source:In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate debate. In their view, this is a mistake because rare earth metals are needed to build enough solar panels and wind turbines to meet the Paris Climate Agreement targets.In detail, the report found...
Release time: 2018 - 12 - 12
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