BRUSSELS, Nov. 10 (UPI) -- A world shortage of rare earth metals could hamper deployment of low-carbon energy technologies, a European Commission report says.
Many metals essential for manufacturing low-carbon technologies show a high risk of shortage, scientists at the Commission's Joint Research Center said, because of Europe's dependency on imports, increasing global demand, supply concentration and geopolitical issues.
The center analyzed the use of rare earth metals in the six priority low-carbon energy technologies in the Commission's low carbon plans: nuclear, solar, wind, bio-energy, carbon capture and storage and electricity grids.
There is a risk of shortages of five metals commonly used in these technologies -- neodymium, dysprosium, indium, tellurium and gallium -- as virtually the whole European supply of a number of these metals comes from China, a center release said Thursday.
"European companies need to have a secure, affordable and undistorted access to raw materials," Antonio Tajani, Commissioner for Industry and Entrepreneurship, said.
"This is essential for industrial competitiveness, innovation and jobs in Europe."
