Recycling Rare Earth Metals, a Key Avenue to Reduce Global Supply Gaps: McKinsey

Recycling Rare Earth Metals, a Key Avenue to Reduce Global Supply Gaps: McKinsey

Get latest articles and stories on Business at LatestLY. As demand for electric vehicles and renewable energy surges for green transition, rare earth elements (REEs) have become indispensable even as they are scarce. A recent McKinsey report warned that global supply of REE magnets, vital for e-motors and wind turbines, could fall 30 percent short of demand by 2035. Business News | Recycling Rare Earth Metals, a Key Avenue to Reduce Global Suppl…

Recycling rare earth metals, a key avenue to reduce global supply gaps: McKinsey - The Arabian Stories News

NEW DELHI : As demand for electric vehicles and renewable energy surges for green transition, rare earth elements (REEs) have become indispensable even as they are scarce. A recent McKinsey report warned that global supply of REE magnets, vital for e-motors and wind turbines, could fall 30 percent short of demand by 2035.Circular solutions such as recycling and recovery of scrap rare earth materials can be scaled up to ramp up the availability o…