CleanTechnica•about 2 months ago
New Projects, Partnerships, & Policies Are Needed to Address Supply Chain Risks for Rare Earth Elements
- •An IEA report highlights a critical and growing imbalance between the accelerating demand for rare earth elements (REEs) across vital sectors (energy, transport, advanced manufacturing, digital) and the slow pace of global supply diversification.
- •This escalating supply chain vulnerability for REEs is pushing them to the forefront of global policymaking, indicating a strong likelihood of new government initiatives, incentives, and regulations.
- •The article emphasizes the urgent need for new projects, partnerships, and policies to mitigate these supply chain risks, which are fundamental to the continued expansion of renewable energy (e.g., wind turbines, EVs), advanced manufacturing, and digital infrastructure.
solar