From eResearch
Rare Earth Elements (REE) play a crucial role in the ongoing energy and environmental transition, serving as critical raw materials in low-carbon technologies, such as permanent magnets in Electric Vehicles (EVs). The transition to clean energy to address climate change requires an increased supply of specific minerals to meet the technology demands. Low-carbon technologies often depend on REE, which are recognized as “critical minerals” in Australia, Canada, the EU, and the US. With a forecasted REE supply shortfall, new REE projects have emerged globally to help meet the growing demand. o Ionic Adsorption Clay (IAC) deposits are a prominent source of REE, with Asia leading REE production. New projects in Brazil, Africa, and Australia offer substantial resource potential.