REE4EU Technology for Business
The estimated global trade in RE-containing products in 2010 was around €1.5 trillion that was the 13% of the global trade. The 10% of the value of Europe’s exports consist of products containing REs. RE elements and Alloys are extremely important for Europe’s competitiveness, in fact it is estimated that 30 million jobs in Europe depend on the availability of raw materials.
Several studies have also pointed to the critical role that REE supply will play in green energy technologies, as they are used in hybrid electric vehicles, wind mills, and highly efficient electric motors. The Europe and western countries are extremely dependent on Chinese exports for REE supply, China in fact accounts for more than 90% of the REE supply. The recycling of REE from waste is essential to reduce dependency from global supply chains.
REE4EU will potentially bring innovative process technologies to commercial scale in the next 4-7 years, by recovering in-process waste and 20% of European REE demand from waste streams.
The project will carry out a detailed market analysis of REE-containing products in order to estimate the potential quantities of Rare Earths that could be recycled in Europe with the final aim to establish what share of these REE-containing products can be economically collected, and what share of the REE contained in them can be economically recovered.
These data will be very important to enable the development of an integrated value chain needed to demonstrate the economic sustainability of EoL permanent magnet and NiMH battery wastes as feedstock for an investment in a European secondary RE Alloy plant. To this end the value chain here represented will be updated with the stakeholders identified within the project.
Please contact us if you have other wastes containing PM materials to be recovered!