Rare earth elements, commonly referred to as REE, are vital chemical components for mobile phones, computers, electric vehicles, wind turbines, and nearly all digital electronic devices. These unique elements, with names like Cerium (CE), Neodymium (ND), Praseodymium (PR), Dysprosium (DY), and Terbium (TB), can be recycled from electronic gadgets. However, much like fossil fuels, REE resources are finite. Additionally, only four countries possess about 85% of the REE supply found in the Earth’s crust. Consequently, scientists are working on sustainable methods for mining and distributing REEs.
Pen Wang and his team propose that the solution lies in the circular economy. This model focuses on utilizing readily available resources while minimizing waste. For instance, China adopted this policy in the 2000s and capitalized on its REE reserves. They noted that nations and industries could employ five strategies to foster a circular economy: baseline usage, recycling, reuse, replacement, and reduction.
First, countries monitor current resource usage, known as Baseline. Next, they engage in recycling by utilizing easily accessible resources to minimize waste and develop sustainable technology, followed by Reuse. They then promote the use of accessible materials at the manufacturing level, referred to as the production level with an emphasis on Alternative methods that waste fewer materials, and Reduction. Furthermore, various countries integrate these strategies to enhance sustainability and achieve Combined results.
The researchers concluded that not all strategies in the circular economy carry equal weight. They found that reduction and alternatives are the most impactful since they originate at production sources, while recycling and reuse are merely reactive strategies rather than preventive measures. To assess which strategies yield the most benefits for REE distribution, they examined how the REE sector aligns with the five strategies of a circular economy.
It has been observed that mining companies primarily extract REE directly from the Earth, referred to as Land stocks. However, substantial deposits of REEs have only been identified in a limited number of countries, including China, Brazil, Vietnam, and Russia. Existing electronic devices already contain a significant quantity of REE stocks. Utilization of these stocks offers a promising avenue. The team argued that recycling these devices would lessen the need for underground extraction and stabilize the economy as underground stocks dwindle. They indicated that, under the current economic model, a considerable portion of available inventory would be discarded, leading to depletion by 2042 without efficient re-introduction of used stocks.
The team highlighted that trade plays a crucial role in the global circular economy. Free trade enables the unimpeded flow of resources such as REEs across borders, with taxes and duties acting as trade-offs. However, disruptions to free trade could hinder the accumulation of inventory during REE use. For instance, they estimated that waste from two REEs, such as ND, PR, DY, and TB, would remain unutilized due to exporting nations with stock in circulation.
Researchers pointed out that China is currently the sole nation capable of meeting its own REE needs. However, they anticipate that the US could possess up to 50% of the usable stocks by 2050. Developing circular economy practices is in the US’s interest, as they contend that trades concerning REEs will evolve into a multi-billion dollar industry in the coming decades. They believe these practices can also yield social advantages since countries concentrating on resource extraction can cultivate a sustainable economy grounded in processing existing stock rather than depleting new resources.
The researchers concluded that adopting a circular economy to recycle utilized stocks would enhance the global accessibility of REEs in the future. However, success hinges on global economic collaboration, which may present challenges. They proposed that the US should forge partnerships with countries excelling in recycling to initiate a Western movement toward engaging in this economic system.
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Source: sciworthy.com
