Rare Earth Mining & Processing Firms Develop $14 Billion in Projects to Meet Energy Transition Demand
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SUGAR LAND--May 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The shift to clean energy in order to reduce greenhouse gas emissions is driving demand for certain metals, including copper, lithium and rare earths. According to the International Energy Agency (IEA), demand for rare earths is expected to increase three to seven times by 2040, depending on the choice of wind turbine technology used in future windfarm projects, as countries rush to build out renewable energy infrastructure and electrify transportation.
