London, 25 Apr (ONA) --- Recycling could plug the gap from 2040 to the European Union’s (EU) needs of lithium, rare earths and other metals needed to cut carbon emissions.
The study indicated that the global energy transition is progressing fast and that copper, cobalt, lithium, nickel and rare earths are all at risk of disruptive demand pull between now and 2035.
The EU's pledge to cut net greenhouse gas emissions to zero by 2050 will require large amounts of metals and minerals to roll out electric vehicles (EVs) and wind turbines.
The study said the bloc will need 35 times more lithium and seven to 26 times more rare earths by 2050, used in EV batteries and motors respectively.
Recycling will help ease shortages, but only from about 2040, when there is enough material from scrapped vehicles and other equipment such as wind turbines.
By 2050, 40% to 75% of Europe’s clean energy metal needs could be met through recycling if Europe invests heavily now, the study said, the Reuters News Agency reported.