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Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-10249

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AmbrosePethick

18,101 Posts.

26/09/22

11:39

Post #: 63876770
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Originally posted by birdman29: ↑

We need 10 new REE mines by 2030 to meet magnet rare earths demand

25 September 2022

** “There is about 750g of magnet rare earths on every EV motor,” IXR managing director Tim Harrison told *. That adds up quickly if BNEF’s prediction is correct and ~40m EVs are sold each year by 2030.

Then there’s the gigantic offshore wind turbines. Some of the beasts they are building now have 6 tonnes of magnets in them, or about 2 tonnes of rare earth metals,” Harrison says. “And then you look at the number of wind turbines set to be installed over the next 30 years … and yeah. There’s a [supply] conundrum.“ This is an application where substitution is not an option.” So, there it is. Two industries, growing exponentially, in tandem, and both requiring large amounts of rare earths. Wood Mackenzie rare earths expert David Merriman says the increase in total rare earths demand to 2030 is just ~38%, but when you break it down it becomes much more interesting. “For magnets in particular, by 2030 we are talking about a 70% increase in total demand, which is really what is driving the growth in the rare earths market,” he told *.

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