DOE invests US$1 million to create sustainable critical minerals supply chain

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Argentina Hosts Largest Deposit of Copper, Gold and Silver

In a major mineral discovery across the Andes Mountains,...

Western Australia Iron Ore Discovery Reshapes Global Market

Western Australia is now the world's biggest iron ore...

Africa Gold Mines: Second Largest Acquires Yatela, Morila

The Yatela and Morila gold mines were formally taken...

Africa Rail Infrastructure Powers Mineral Trade Growth

Africa rail Infrastructure is getting a new lease of...

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has announced the selection of six projects to receive a total of nearly US$1 million in federal funding for cost-shared research and development (R&D) under funding opportunity announcement (FOA) 2404, Advanced Processing of Rare Earth Elements and Critical Minerals for Industrial and Manufacturing Applications.

Critical minerals (CM) are necessary to manufacture high-tech devices, especially technologies for national defence applications and green growth-related industries. However, the United States does not domestically produce fourteen of these CMs and imports more than 50% of many others. This dearth of domestic production leaves the nation dependent on imports to meet its demand.

CMs include rare earth elements (REE), which are used to manufacture cell phones, LED screens, solar panels, energy infrastructure, defence technologies and other essential high-tech applications. The US imports 80% of its REEs from China, with portions of the remainder indirectly sourced from China through other countries.

The current US$5 billion global REE market is projected to grow 40% over the next five years, with similar growth anticipated for the remainder of the CM market. The US has the opportunity to produce its own domestic supply of REEs and CMs and thereby reduce its risk of supply disruption in essential domestic and military industries, while producing needed materials for the emerging clean energy technology market.

The selected projects will focus on developing innovative midstream processing technologies that will be environmentally benign and potentially lower capital costs and operating expenses. This work may also contribute to the further development of a domestic CM industry – creating new jobs for communities that have disproportionately suffered adverse economic, health and environmental impacts by emphasising CM production from waste streams.

Latest stories

Related stories

Argentina Hosts Largest Deposit of Copper, Gold and Silver

In a major mineral discovery across the Andes Mountains,...

Western Australia Iron Ore Discovery Reshapes Global Market

Western Australia is now the world's biggest iron ore...

Africa Gold Mines: Second Largest Acquires Yatela, Morila

The Yatela and Morila gold mines were formally taken...

Africa Rail Infrastructure Powers Mineral Trade Growth

Africa rail Infrastructure is getting a new lease of...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back