CEAC-2021-07-July
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Rare-earth elements include the 15 elements in the lanthanide<br />
series plus scandium (Sc) and yttrium (Y). They are essential<br />
ingredients for magnets, metal alloys, polishing powders,<br />
catalysts, ceramics and phosphors, which are important for<br />
high technology and clean energy applications. The global<br />
REE market is approximately $4 billion annually and is growing<br />
at 8 percent per year.<br />
American Resources began staffing up to develop a supply<br />
chain and aftermarket for certain end-of-life products with<br />
several partners to source waste permanent magnets and<br />
lithium-ion batteries specific to this portion of its feedstocks<br />
and rare-earth elements “Capture – Process – Purify” process<br />
chain. These end-of-life products would include electric/<br />
hybrid vehicles, e-bikes, wind turbines, NMR machines, MRI<br />
machines and certain industrial motors.<br />
The company continues to focus on running efficient streamlined<br />
operations in being a supplier of raw materials to the<br />
infrastructure and electrification marketplace in the most<br />
sustainable of ways. By operating with low or no legacy costs<br />
and having one of the largest and most innovative growth<br />
pipelines in the industry, American Resources works to maximize<br />
value for its investors by positioning its large asset base<br />
to fit an economy, while being able to scale its operations to<br />
meet the growth of the markets it serves.<br />
American Resources Corp. and Purdue University have teamed to advance<br />
an environmentally safer method that recycles rare-earth metals to advance<br />
clean energy electronic technologies used in hard disk drives, electric<br />
vehicles, wind turbines and other electronics. (Illustration provided by Linda<br />
Wang)<br />
Volume 86 · Number 7 | 55
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