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P2
'"This project is set to overcome the obstacles associated with recycling rare earth magnets from wind turbines, effectively opening up a new domestic source of these magnets, which is a significant achievement in itself."
Although wind power has been utilised through the ages, the first great wave of large-scale wind energy occurred in the 1990s. Consequently, many early-generation wind farms are approaching the end of their typical serviceable lifetime, estimated at around 20 to 25 years.
Re-Rewind is leading the way in the renewable energy sector during this crucial time. Through its commitment to pioneering circular supply chain solutions, the partnership aims to make sure that wind energy remains viable in the UK for the long run and helps to create a more sustainable future for future generations.'
P1
'As the first generation of the UK's wind turbines come to the end of their serviceable life, "Re-Rewind" aims to pioneer a sustainable, circular economy to recover and secure essential resources needed for the next generation of wind turbines.
Re-Rewind, an innovative partnership between global leader in sustainable materials, EMR, world experts in recycling rare earth magnetic materials, HyProMag, the Offshore Renewable Energy (ORE) Catapult, Magnomatics, and University of Birmingham, part funded by Innovate UK, has embarked on a groundbreaking mission to establish the UK's first circular supply chain for the rare earth magnets used in wind turbines.
This pioneering collaboration seeks to play a pivotal role in securing the future of sustainable wind energy by recycling critical materials and reducing the reliance on our Earth's depleting resources.
From high-quality construction steel, copper and other metals to a range of rare earth elements (such as praseodymium and dysprosium), modern wind turbines contain a wealth of materials which, if they cannot be sourced from recycled channels, must be mined, leading to increased environmental impacts and resource scarcity.
In particular, the wind turbine sector uses very large quantities of a rare earth magnet that's an alloy of neodymium, iron and boron (NdFeB). These NdFeB magnets are critical components used in PMSGs (Permanent Magnet Synchronous Generator) in larger onshore and offshore wind turbines. With the UK's rapid transition towards net-zero emissions, it's predicted that in 2040 there will be a 240,000 tonne shortfall of rare earth magnets, which will slow down our progress dramatically unless an alternative source is established.
With no consistent route to recycle these materials, due to safety, economy and technical challenges in extracting and recycling the magnets, the "Re-Rewind" project is set to combat this impending shortage, bolster the UK's rare earth material security, foster the creation of green jobs, and alleviate the strain on Earth's diminishing resources.
EMR's Energy Infrastructure Lead, Dr Charlotte Stamper said:
"Our collaborative effort represents a significant step forward in securing the sustainability of wind energy. By establishing a circular supply chain for rare earth magnets, we not only reduce the environmental impact of wind turbine production, but we also lay the foundation for a greener, more self-sustaining future."
HyProMag Operations General Manager, Nick Mann said:
"We are thrilled about this groundbreaking project and the chance to enhance the UK's rare earth magnet recycling supply chain. Thanks to the backing of Innovate UK and our outstanding consortium of project collaborators, we see immense potential. Each company's unique expertise comes into play to tackle the complex task of extracting magnets from retired wind turbines.
'However, when we drill down on the nature of China’s reserves in detail – by region and type – and contrast those reserves with projected NdPr oxide demand growth, we see that China is on track to deplete most of its known reserves base within the next three decades.
Consequently, it is Adamas’ view that China has no desire or interest in monopolizing global mine supply of magnet rare earth materials into the foreseeable future.
Conversely, we see China actively working to secure access to foreign sources of rare earth feedstock – in Africa, Asia, South America and elsewhere – to preserve resources at home while sustaining its dominance downstream, from magnet to motor to finished product.
As such – Adamas expects rare earth concentrate and oxide prices to sustain healthy levels on average over the medium- to long-term, encouraging foreign production for export to China, while prices of metals, alloys, magnets and other downstream products remain marginal in an attempt to discourage foreign downstream production outside the nation by design.'
https://www.adamasintel.com/adamas-takes-stage-at-repm-2023/
About to be the number one wind turbine recyclers in the UK... the funding partners are no slouches if you look into them....
Hope they don't blow it! :)
(just wanted to write that line )
Unlocking a new source of rare earths
Nick Mann, Operations General Manager of HyProMag said:
We are very excited about this innovative project and the opportunity to further develop the UK supply chain for rare earth magnet recycling with the support of Innovate UK and an excellent consortium of project partners.
This project will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.
Roll on 7am - night night.
No different to the volume on HUM at 6p ...
Can you believe there was only £1100 of buys today! Either us jolly band on LSE have got it totally wrong - or the world is blind.
"The biggest supplier of #rareearths ex China is #Lynas 🇦🇺. They operate in an area of Malaysia called Kuantan. The Malaysia-China Kuantan Industrial Park (MCKIP) is a joint venture b/w Msia 🇲🇾 and the govt. of China 🇨🇳. Lynas have until Jan 2024 to cease their operations in Msia."
They're nationalising Lynas' project!
How much more of that to come courtesy of China eh - they make the most profit from Rare Earths going through the roof of course ...
https://x.com/mineralsmindset/status/1701219276567568461?s=20
It was in front of us all of the time! Had to come good eventually - Malawi schmoowi! MDA - who cares anyway. Onward and upward!
Two tons of Rare Earths per 3MW wind turbine - blimey, I had no idea it was so much!
https://tinyurl.com/32rcz7tr
Basically, HyproMag is about to be supplied with wind turbine batteries (massive) to recycle ...
Great oaks/acorns etc.
This is going to be a very interesting year here.
It'll be small beans funding wise but..... It's great timing with the pilot plant about to come online !
Ooh - more money.
Funny what I said last week about stuff hitting the wires from this week - funny old game.
Big news that as it implies more of those deals going forward.
We're starting to monetize guys and gals - even before the plant(s) are up and running ...
Evening.
I'd suggest that it's China making them do it - literally paying them to do it most likely.
Regardless - when this multi-year downtrend line gets broken, NdPr is going to fly, for a long time.
https://x.com/bonker_99/status/1701324197035696635?s=20
'Another innovative project to successfully secure investment is a collaboration between EMR, HyProMag Ltd, Offshore Renewable Energy Catapult, Magnomatics and The University of Birmingham, which aims to sustainably decommission and recycle offshore wind turbines.
The first generation of wind turbines are now nearing the end of their life, and decommissioning them sustainably presents a multi-faceted challenge. The project aims to be part of a low-carbon decommissioning programme that allows for the retrieval of the Rare Earth Elements used in their construction.
Nick Mann, Operations General Manager of HyProMag said: “We are very excited about this innovative project and the opportunity to further develop the UK supply chain for rare earth magnet recycling with the support of Innovate UK and an excellent consortium of project partners. This project will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.”
'The project aims to sustainably decommission and recycle offshore wind turbines.
The first generation of wind turbines are now nearing the end of their life, and decommissioning them sustainably presents a multifaceted challenge. The project aims to be part of a low-carbon decommissioning programme that allows for the retrieval of the rare earth elements used in their construction.'
'Winners in strand two for later stage research and development (R&D)
European Metal Recycling Ltd, Hypromag Ltd, Offshore Renewable Energy Catapult, Magnomatics and University of Birmingham
Decommisioning and recycling of offshore wind turbines.'
https://www.ukri.org/news/projects-secure-6-6m-to-strengthen-uk-supply-of-critical-materials/
If others follow suit, I'd hazard a guess that China would have their had forced to restict their supply, this could be the catalyst for a domino effect. All of which, will obviously make the prices rocket.
Nice one Sigas - This is massive news - and will set a precedent for other countries to follow. Keep your own crown jewels basically, and why wouldnt you?. Brings recycling & a handy little mine right to forefront. Ive been investing for 40 years and have never seen a slam dunk so obvious before my eyes. Not ramping because only a few of us read this and I know we are fully invested anyhow! GLA
Https://www.mining.com/web/chinese-rare-earth-prices-hit-20-month-high-on-myanmar-supply-worry/
Crumbs, thank you for your insightful post. Appreciate it.
However, the SP does not seem to be going- abywhere for quite some time. Any thoughts, anyone?
Crumbs, thanks for posting over the weekend, your research is off the charts! This is looking more like a banker everyday, looks like a really exciting run into Xmas.