CMI researchers at Ames Laboratory and Purdue University conducted the research for this highlight
Innovation
Incorporating market dynamics of critical materials into a techno-economic analysis (TEA) framework.
Achievements
- Applied a mechanical oscillator model to physically interpret and model the REE market price dynamics.
- Incorporated Oscillator model into existing TEA framework and applied to an innovative acid-free leaching process for hard disk drive (HDD) value recovery.
Significance and Impact
- Unlike mainstream price estimation methods primarily based on statistics, this study explored price dynamics by analyzing the underlying supply and demand factors.
- Proposed oscillator model can simulate extreme events that are hard to manifest from conventional time-series analysis.
Hub Goals Addressed
Foster collaborations across different focus areas; Promote the application of crosscutting research in facilitating the industrial deployment of CMI technologies.
