Five Rare Earths Crucial for Clean Energy Seen in Short Supply

CSR in purchasing , Greening the Supply Chain , Uncategorized Jan 05, 2012 No Comments

EuropiumLimited supplies of five rare-earth minerals pose a threat to increasing use of clean-energy technologies such as wind turbines and solar panels, a U.S. Energy Department report found.

The substances — dysprosium, terbium, europium, neodymium and yttrium — face potential shortages until 2015, according to the report, which reiterates concerns identified in a report a year ago.

The 2011 report studied 16 elements and related materials, including nickel and manganese, which are used to make batteries. The analysis of so-called critical elements began after rare-earth prices jumped following imposition of export restrictions in 2010 by China, the world’s major producer.

Rare earths became a political and legislative issue after China moved to reduce export quotas in July 2010 by 40 percent. The country accounts for 95 percent of rare-earth production, according to the Energy Department.

via Five Rare Earths Crucial for Clean Energy Seen in Short Supply – Bloomberg.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website

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