What brings the surge in the renewable energy sector, and what does it mean to you?

Today, strengthened government policies, higher developments in technology, and investment opportunities are leading to rapid expansion of renewable energy in India. Solar is the fastest-growing sector, with an annual growth rate of 25 to 30 percent, while keeping in mind the ambitious target of 500 GW renewable energy capacity by 2035 and net-zero by 2047. PLI schemes, Basic Customs Duty on imports, and the Make in India program are some initiatives through which domestic manufacturing is being boosted, cutting down reliance on foreign components.

Industry leaders are picturing the transformation in renewable growth in India brought by innovative solar solutions that include high-efficiency solar modules with energy-efficient solar inverters and smart grid integration. Additionally, renewable energy has helped the electricity sector in emission reduction. Investment inflows from global and domestic investors are being attracted by the strong policy option combined with the ever-increasing approach toward sustainability. This momentum will fast-track India's transition to clean energy while also positioning India as a global entity in renewable technology and manufacturing. By creating a Renewable ecosystem that is resilient and self-reliant, the country is laying the foundations for a future that is sustainable and energy secure.

What is the role of non-ferrous metals in the renewable sector?

Renewable energy is reshaping the future of power generation, where non-ferrous metals are being the most useful in the transformation. These adaptable materials stretch from solar panels and wind generators to electric vehicles, making clean energy possible today. At Metalbook, we understand how scrap metal recycling is essential in meeting this demand sustainably. We preserve natural resources, reduce carbon emissions, and encourage the setup of a circular economy by recycling such valuable metals as copper, aluminum, and lithium.

According to the International Renewable Energy Agency (IRENA), the demand for these materials will surge as countries undertake the building of renewable energy infrastructure.

The Increasing Role of Non-Ferrous Metals in the Renewable Sector

Copper
• Copper is crucial in the wiring and motors of electric vehicles (EVs).

• Wind and solar energy use large amounts of copper, with a large turbine requiring up to 5 tons of copper.

• Copper is indispensable in the construction of new electrical grids for the distribution of electricity through renewable sources.

Nickel
• Nickel is used in most battery technologies in EVs, with applications in lithium-ion batteries, energy storage systems, and energy storage systems.

• Demand for nickel for EVs could rise as much as 5-6 times in 2040.

Aluminum
• Aluminum is lightweight, abundant, and highly recyclable, reducing the environmental impact of manufacturing.

• Solar panels use aluminum frames in large quantities, making it an important material for the renewable energy sector.

• EVs use aluminum to keep weight low and improve energy efficiency.

• Aluminum is ideal for overhead transmission lines, a requisite in modern electric grids.

Rare Earth Metals
• Rare earth elements are used in wind turbines, creating high-intensity magnets that transform winds efficiently into electrical form.

• Neodymium used in manufacturing high-performance magnets for EV motors is a key raw material and part of rare earth elements.

Market Dynamics in the Clean Energy Sector

Copper's Role in Energy Transition—IRENA

The International Renewable Energy Agency (IRENA) estimated that copper demand would jump 275% in 2050, driven by renewable energy, electric vehicles, and energy storage systems. This surge in demand underlines the critical role copper plays in the energy transition.

Nickel: Rising in Prominence—Nickel Institute

The Nickel Institute predicts that nickel demand in electric vehicles will grow by 16% a year for two decades. As the energy density of batteries continues to rise, nickel will be not only an important material for carmakers but also for battery manufacturing.

Aluminum Demand and the Green Economy International Aluminum Institute

The International Aluminum Institute estimates that the aluminum industry will need to increase its production by as much as 50% by 2050 to meet demand associated with the clean energy transition; these are reflected in the growth of solar panel manufacturing, lightweight vehicle manufacture, and efficient energy transmission systems.

Rare Earths and Critical Minerals (World Bank)

The World Bank estimates that demand for critical minerals could increase as much as 500% by 2050; this includes the rare earth elements that form part of the required material for wind turbines, solar panels, and electric vehicle batteries.

Key Applications in Renewable Energy

Solar Energy

Aluminum frames offer structural strength with minimal weight.
Copper wiring ensures efficient energy transmission.

Recycling these metals reduces energy use and the carbon footprint of production.

Wind Power

Copper is used in turbine generators and cabling.
Aluminum helps build lightweight, durable blades.

Prioritizing scrap metal recycling helps recover these critical materials, reducing the environmental impact of wind energy expansion.

Electric Vehicles (EVs)

Lithium powers EV batteries.
Copper is essential for motors, wiring, and charging networks.

A U.S. Department of Energy report shows that EVs require significantly more copper than traditional vehicles, indicating the importance of sustainable sourcing through recycling.

The Environmental Benefits of Recycling

Recycling non-ferrous metals offers massive energy savings:

Up to 95% for aluminum
Around 85% for copper

These figures from the Aluminum Association and Copper Development Association show just how powerful recycling can be in reducing emissions and conserving energy.

The importance of non-ferrous metals for the growth of renewables

To undertake this necessary expansion of renewable sources of energy generation, a series of materials is needed, the demand for which has grown constantly during the last five years.

Although discussions of the most crucial materials or raw materials for a sustainable world usually focus on those that are scarcer or more difficult to obtain, the truth is that even more common materials are experiencing almost unprecedented demand.

Specifically, non-ferrous metals, which humans have used for years without ever worrying about their scarcity, are essential for the production of renewable energy, it being estimated that demand for them will grow from 50 million tons in 2020 to 60 million tons in 2040.

By sectors:

Offshore wind: according to data provided by the IEA, almost 16 tons of non-ferrous metals are needed, above all copper and zinc, per MW of capacity installed.
Onshore wind: in second place with regard to the use of metals, requiring over 10 tonnes of non-ferrous metals per MW of capacity installed.
Photovoltaic: in third place, with 7 tons of non-ferrous metals per MW of capacity installed.
Nuclear: This form requires the least, with barely 6 tonnes per MW. Only coal and natural gas power plants consume less.

Conclusion

The non-ferrous metals such as copper, nickel, aluminum, and rare earth elements are increasingly being used in clean energy, particularly in electric vehicles, wind and solar power systems, and energy storage solutions. As renewable technologies become more popular, these metals are in high demand for their power. The demand for these critical metals is expected to rise as the world moves towards a future on the wheels of sustainability. Companies like Metalbook are strategically positioned to navigate the non-ferrous metals market, helping to make strategic decisions aligned with the global energy transition. In conclusion, the non-ferrous metals market is a critical area for businesses to grow and contribute to the clean energy revolution.