2.5 C
Belgrade
08/12/2024
Mining News

Challenges and recommendations for increasing recycling of rare earth magnets in Europe

The German Raw Materials Agency (DERA) has released a study by Fraunhofer IWKS on the recycling status of neodymium-iron-boron (NdFeB) magnets in Germany. The Critical Raw Materials Act (CRMA), the EU’s first raw materials law, aims to bolster European supply chains by enhancing recycling quotas from 2030. A key focus is on rare earth magnets, essential for the energy and transportation sectors, with over 90% of these magnets currently sourced from China. Despite the importance, less than 1% are recycled at present.

The study highlights several challenges in achieving the CRMA’s targets. Industrial recycling of these magnets in Europe is still developing, hampered by low prices for primary magnets from China and inconsistent supplies of used magnets. Economic viability and stable sources, such as electronic waste, wind turbines, and automotive parts, are significant concerns.

Supported by

To improve recycling rates, the study suggests implementing effective collection systems, financial incentives, and supportive regulations for recycled materials. It also emphasizes overcoming logistical obstacles and fostering collaboration between industry and research to advance sustainable recycling practices.

Related posts

Unlocking Canada’s critical mineral potential: Overcoming regulatory challenges for a sustainable future

David Lazarevic

Nativo Resources shares surge following gold mine acquisition in Peru

David Lazarevic

China’s ban on critical mineral exports to the US marks escalation in trade tensions

David Lazarevic
error: Content is protected !!