INL: Looking to the Salvage Yard for Rare Earth Elements
Mapping rare earth usage to uncover potential sources of supply
On January 26, 2018 Adamas Intelligence was cited in an article by the Idaho National Laboratory (“INL”), a national laboratory of the U.S. Department of Energy (“DOE”), discussing the group’s ongoing efforts to map rare earth element usage in U.S. automobile parts.
In cooperation with a local salvage yard, INL has been sourcing automobile parts of interest and disassembling them to determine what parts use rare earth elements, and in what quantities.
In the past, research led by the DOE’s Critical Materials Institute in conjunction with INL and Oak Ridge National Laboratory examined prospects for recovering rare earth elements from scrap computer hard disk drives. The researchers concluded that recovering rare earth elements from hard disk drives would satisfy less than 1% of global demand, spurring INL to shift its focus to potential opportunities in the automotive industry.
The article references Adamas Intelligence’s forecast that the value rare earth oxides used annually by the permanent magnet industry globally will reach US $6.07 billion in 2025, representing a compound annual growth rate of 17.4% from US $1.44 billion in 2016.
For more information about the forecast cited above please see Adamas Intelligence’s report, titled “Rare Earth Market Outlook to 2025“.
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