In the realm of energy journalism, it’s crucial to shed light on significant research that could shape the future of the energy sector. Today, we turn our attention to a study that delves into the critical role of rare earth elements (REEs) in the global energy transition, with a specific focus on India. The researchers behind this work are Ashish Ranjan Kumar and Sekhar Bhattacharyya, both affiliated with the Indian Institute of Management Calcutta.
The study, published in the journal “Resources Policy,” explores India’s opportunities and challenges in the REE domain, which are vital for green technologies such as high-efficiency magnets in wind turbines, advanced batteries, and solar photovoltaics. The researchers argue that securing sustainable access to REEs is crucial for India’s energy security and technological independence, especially as the country aims to achieve its vision of a developed nation, or “Viksit Bharat,” by 2047.
Currently, India relies heavily on imports for most REEs, and innovation and recycling efforts in this area are still in their early stages. The study highlights underutilized resources such as copper tailings, fly ash, and e-waste as potential sources of REEs. The researchers suggest that circular economy pathways could help reduce environmental impacts and strengthen domestic supply chains.
Hindustan Copper Limited (HCL), India’s sole vertically integrated copper producer, is uniquely positioned to lead in this domain. The study argues that HCL could pioneer co-recovery of REEs, advance research and development partnerships, and build a comprehensive supply chain. By embedding sustainability, ESG (Environmental, Social, and Governance) principles, and community trust in its strategy, HCL could evolve into a national champion in the REE sector.
For the energy industry, this research underscores the importance of diversifying supply chains and exploring alternative sources for critical minerals. It also highlights the potential of circular economy approaches to reduce environmental impacts and enhance resource security. As the world transitions towards greener technologies, understanding and addressing these challenges will be crucial for ensuring a sustainable and secure energy future.
This article is based on research available at arXiv.