REE is critical to develop green energy --- requires more mining and transition will be slowed by short term shortages

A recent study says there are enough rare earth metals on Earth for new “low-carbon electricity generation” technologies.

Rare earth metals come from minerals found in countries around the world.

The researchers said more mining is needed to make more of the valuable metals available to industry. Rare earth metals are in demand for products such as magnets, wind turbines, solar panels and computers. All are part of the “green energy” push to remove carbon gases from electricity generation.

The researchers said the amount of minerals available is enough to supply a switch to renewable energy. They wrote that the carbon gasses “related to electricity infrastructure may be substantial.” But the study said it would be between one and nine percent of the world’s budget for carbon gas production.

The study came out recently in the science publication Joule.

Zeke Hausfather helped write the study. He is an expert who works at a technology company called Stripe and at Berkeley Earth, a non-profit climate research group. He called the process “big and messy.” But he thinks reducing carbon gases, or “decarbonization,” can be done. He said he is not worried about the long-term supply of rare earth materials.

However, the scientists warn that in the early days of the switch to green energy, there will be shortages. For example, there could be a shortage of the element called dysprosium. It is used to make strong magnets. Industry will require three times more of the metal than is produced now. However, there is 12 times more dysprosium available than needed, the researchers said.

Another element is tellurium, which is used in large groups of solar panels, called solar farms. There is just enough of that material available if the world makes a fast push to solar power, the researchers said. In addition, there are other materials that can be used instead of tellurium if needed.