New energy storage investment rare earth

Is rare earth a strategic resource?

Third, a growing number of research has been conducted on the correlation between the stock markets of energy and rare earth. Unfortunately, as a strategic resource, rare earth is often overlooked in the current research framework focusing on energy and carbon.

Will the supply of rare earth elements remain stable?

But some nations, including the US, are increasingly worried about whether the supply of those elements will remain stable. According to the International Energy Agency, demand for rare earth elements is expected to reach three to seven times current levels by 2040; demand for other critical minerals such as lithium may multiply 40-fold.

Are rare earth elements in demand?

Demand for rare earth elements (REEs) – primarily for EV motors and wind turbines – grows threefold in the STEPS and more than sevenfold in the SDS by 2040. For most minerals, the share of clean energy technologies in total demand was minuscule until the mid-2010s, but the picture is rapidly changing.

Can rare earth elements help build a domestic supply chain?

But rare earth elements naturally occur all around us, including in our domestic coal and coal wastes. The funding opportunity announcement released today is seeking to tap this unconventional resource to help build a domestic supply chain critical to the U.S. economy, clean energy, and national security.

Are energy and rare earth synchronized?

Secondly, the co-movement between traditional and new energy stock markets remains high, with the supply chain stock market between energy and rare earth exhibiting a similar trend. This highlights the significant impact of inherent substitution or supply chain relationships on the level of synchronization.

Will rare earth elements see higher demand in 2040?

Likewise rare earth elements may see three to seven times higher demand in 2040 than today, depending on the choice of wind turbines and the strength of policy support. The largest source of demand variance comes from uncertainty around the stringency of climate policies.