Rare earth mineralsSustainable Supply of Rare Earth Minerals Key to Low-Carbon Energy Future
The global low-carbon revolution could be at risk unless new international agreements and governance mechanisms are put in place to ensure a sustainable supply of rare minerals and metals, a new study has warned.
The global low-carbon revolution could be at risk unless new international agreements and governance mechanisms are put in place to ensure a sustainable supply of rare minerals and metals, a new academic study has warned.
The amount of cobalt, copper, lithium, cadmium, and rare earth elements needed for solar photovoltaics, batteries, electric vehicle (EV) motors, wind turbines, fuel cells, and nuclear reactors will likely grow at a rapid pace in the upcoming years. Even if alternatives are found for one metal, there will be reliance on another as the scope of possibilities is inherently limited by physical and chemical properties of elements.
However, with global supplies often heavily monopolized by a single country, confronted by social and environmental conflict, or concentrated in poorly functioning markets, there is a real possibility that a shortage of minerals could hold back the urgent need for a rapid upscaling of low-carbon technologies. In some cases, markets are providing misleading signals to investors that can lead to poor decisions. In other cases, the countries or regions supplying minerals are politically unstable.
An international team of researchers have made a number of recommendations to help manage the demand for such low-carbon technology minerals as well as limiting the environmental and public health damage of their extraction and processing, supporting social benefits, and also ensuring the benefits are shared more universally and equitably, in a new paper published in Science 3 January.
Benjamin K. Sovacool, Professor of Energy Policy at the University of Sussex, said: “Mining, metals, and materials extraction is the hidden foundation of the low-carbon transition. But it is far too dirty, dangerous, and damaging to continue on its current trajectory.
“The impacts to mining rightfully alarm many environmental campaigners as a large price to pay to safeguard a low-carbon future. But as the extraction through terrestrial mining becomes more challenging, the on-land reserves of some terrestrial minerals dwindle or the social resistance in some countries escalates, even oceanic or even space based mineral reserves will become a plausible source.”
Sussex says thatalthough the new study calls for renewed attention to tackle existing conditions of terrestrial extraction and processing of metals, it also states that there are important prospects of cobalt and nickel on the continental shelf within states’ Exclusive Economic Zones as well as on the outer continental shelf regions.