News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Is it now or never for rare earth recycling?

The date of: 2019-05-14
viewed: 1

Source:Recycling International

The increasing use of rare earth metals in several industries is likely to fuel their demand over the next couple of years.

New research from Future Market Insights says the current global market for rare earth metals of more than US$ 3 billion (EUR 2.7 billion) will rise to US$ 7.3 billion by 2026. This represents a 8.5% compound annual growth rate.

China not only has the largest deposit of rare earths, it also consumes the most rare earths; almost 105 000 tonnes per year. Japan is second with far less – roughly 25 000 tonnes. The US and Europe follow, consuming around 20 000 tonnes and 7000 tonnes, respectively.

Trying to keep up

Consumer electronics such as smartphones and tablets are among the major application areas for rare earth metals,’ the analysts state. Strong sales in this segment – totalling almost US$ 155 million worldwide last year – is ‘propelling’ the demand for rare earth metals.

Sales of electronics were up 6% year-on-year. Neodynium made up almost 40% of rare earth demand in 2017. The metal is expected to see an ‘impressive’ surge in demand in the near future.

A positive development noted by the analysts is that the recycling of rare earth metals is ‘slowly overcoming’ existing demand-supply issues as well as ensuring a steady supply of critical rare earth metals. This is partly because recycling is being encouraged to reduce environmental degradation from the mining and processing of such metals. 

New chemistry

To date, less than 5% of rare earths are recycled from end-of-life devices. There are various research projects underway worldwide to boost recycling rates. For example, a team at Kanazawa University in Japan hopes to replace acids with organic compounds to better recover the metals. This approach is described as chelation chemistry.

An ideal type of chelator compound is known as amino-polycarboxylate,’ says Professor Ryuta Murase. ‘These are already used to remove toxic metals from solid waste. They are also very efficient at extracting rare earths from spent phosphors—especially yttrium and lanthanum.’ The team was able to extract between 53% and 85% from spent fluorescent lamps during recent tests.

Hot News / Related to recommend
  • 2019 - 07 - 19
    Click on the number of times: 0
    source:Ames TribuneThe future of cheaper, cleaner, more precise and energy-efficient refrigeration, the seamless shapeshifting of elemental metals and the geopolitics of rare earth metals were all on ...
  • 2019 - 07 - 19
    Click on the number of times: 0
    source:CNBCOn the 50th anniversary of the Apollo 11 mission to the moon, the leader of the National Aeronautics and Space Administration gave his predictions for the future of the space industry and h...
  • 2019 - 07 - 16
    Click on the number of times: 1
    source:Proactive Investors UKThe company increased its landholding at the Mt Clere Rare Earth Project from 403 to 556 square kilometres.Krakatoa Resources Ltd (ASX:KTA) has made a new exploration lice...
  • 2019 - 07 - 15
    Click on the number of times: 1
    source:RTThe Pentagon has been looking into US miners’ capabilities to produce rare earth metals, according to Reuters. It comes after Beijing signaled it may restrict exports of the vital materials a...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.05017621
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center