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Turkey will get China out of the car battery monopoly for the next fifty years
Turkey will get China out of the car battery monopoly for the next fifty years
  • الإداره
  • 12/07/2022
  • 388

Turkey announces a surprise to the world by ending China's exclusion from the monopoly of rare earth elements for electric car batteries." The journalist of The Times magazine in the Middle East pointed out that it was announced that the discovery is large and distinctive, which will end the dependence of the environmentally friendly industry on China, in particular, with regard to the manufacture of electric cars. And it conveys news that a newly discovered reserve in Turkey of rare earth elements, a group of minerals vital for storing alternative energy, is the second largest in the world, after that held by China, which dominates global production. The Turkish Ministry of Energy and Natural Resources estimated that 694 million tons of sediments contain enough rare earths to supply the world for a thousand years. "Our goal is to process 570,000 tons of crude annually when this facility reaches its full production capacity," President Erdogan was quoted as saying. The writer says that this would provide a solution to a major problem, which is delaying the world's attempts to reduce greenhouse gas production. But skeptics pointed out that the details are vague, and the amounts mentioned indicate how much ore is present, but the amount of rare earth elements actually produced will depend, as in all mining operations, on the level of purity of this ore. The Global Times, a tabloid run by the ruling Chinese Communist Party, quoting industry insiders, predicted that "China's superior technological and industrial advantage in the rare earth industry will be preserved in the future." "I wouldn't say this (Turkish discovery) is a savior for the European market, but it's welcome news," Ryan Castillo, managing director of consultancy Adamas Intelligence, told The Times. The writer recalls the pledge by both Britain and America to ban sales of new cars that run on gasoline and diesel by 2045. But he adds that making the batteries that electric cars run on requires A group of minerals, including the so-called rare earth elements, the production of which is led by China, and provides between 80-90% of global supplies. He notes that, amid the geopolitical meltdown pitting America and the West against Russia and China, this dependence appears increasingly unsustainable. The European Commission indicated last year that 98% of the rare earth elements in the European Union are imported from China, while the proportion in the United States is about 80%. Last year, China's exports came to just under 49,000 tons, which makes Turkey's outline numbers look attractive. Castillo was quoted as saying that it was estimated that the purity of rare earths in Turkey was 2%, which would provide enough processed ores to satisfy the global market for 40 to 50 years, but only at current levels of demand. This is increasing exponentially, with the world population increasing. The writer adds that turning Turkey's new discovery into usable exports also depends on building the necessary processing plants, which is a very complex process. He says it takes an average of ten years to start production. Simon Morris, CEO of Benchmark Mineral Intelligence, said: “The rest of the world will depend entirely on China for the supply chain to become active, from the mine to the downstream, outside of China.

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