SEATTLE (Scrap Monster): Norwegian research and development (R&D) firm Sintef’s multi-million research project aims to boost recycling of magnets to recover valuable rare earths.
The demand for rare earths in e-mobility sector is expected to surge higher significantly over the coming years. Modern automobiles consist of a large number of small magnets that power various sensors and car parts. In addition to auto sector, consumer electronics too are major drivers of rare earths demand. For instance, the demand for dysprosium is likely to triple from current levels by 2030. Also, the demand for praseodymium is projected to be almost three times higher in the next decade.
RELATED NEWS:
E-Waste-Eating Protein Creates Rare Earth Elements
World Metal Recycling Sector to Reach $86.1 Billion
According to Ana Maria Martinez, Sintef, the primary sources of rare earth scrap are air conditioners, e-bike batteries and e-car batteries. The rare-earth scrap from air conditioners is likely to touch almost 11,000 tonnes by 2040. Meanwhile, e-bike batteries and e-car batteries are likely to generate approximately 10,000 tonnes and 9,000 tonnes respectively of rare earth scrap by end-2040.
The breakthrough R&D project, funded by EU’s Horizon 2020 programme, uses an integrated high temperature electrolysis and ion liquid extraction process.
Copper Scrap View All | |
Alternator | 0.32 (0.01) |
#1 Copper Bare Bright | 3.77 (0.07) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0.02) |
6061 Extrusions | 0.64 (0.02) |
Steel Scrap View All | |
#1 Bundle | 475.00 (0) |
#1 Busheling | 495.00 (0) |
Electronics Scrap View All |