Progressively and projected integration of rare earth metals (REMs) in modern technologies, especially in the clean energy, consumer electronics, aerospace, automotive, and defense sectors, place REMs as critical raw materials in the supply chain and strategic metal from the fourth industrial revolution perspective. Current REM production from the primary mineral resources in the supply chain versus industrial demand is at a bottleneck. Alternatively, REM-bearing anthropogenic wastes are pertinent and potent to addressing the critical supply chain bottleneck. Although secondary REM resources are prudent to address the critical supply chain bottleneck, the absence of effective and efficient technologies to recover these REMs from anthropogenic waste imposes challenges and provides opportunities. Hence, this review analyses and discusses the significance of anthropogenic wastes for REM recovery, the status of recycling technologies for sustainable valorization of REMs, challenges, and opportunities. The current review covers the potential quantitative REM wealth locked in various anthropogenic waste like (i) spent rare earth permanent magnets, (ii) spent batteries, (iii) spent tri-band REM phosphors, (iv) bauxite industry residue red mud, (v) blast furnace slag and (v) coal mines, and coal byproducts and status of valorization technologies for circularizing the REMs. In industrial waste like red mud, steelmaking slag, blast furnace slag, and coal fly ash typically 109,000, 2000, 39,000, and 354,000 tons of REM get scrapped, respectively, in a conservative estimation. In the years 2020 and 2021, respectively, 240,000 and 280,000 tons of REM were produced by mine production in contrast to 504,000 tons of REM that were scrapped with REM-bearing industrial waste. This review revealed that total REM currently getting scrapped with anthropogenic waste versus projected REM demand for the years 2022, 2023, 2024, and 2025 could be standing at 2.66, 2.51, 2.37, and 2.23, respectively. Our investigation revealed that efficient recovery of REMs from anthropogenic waste is significant and promising but associated with challenges like lack of industrial-scale valorization process, lack of a clear strategy, road map, policy, effort, funding, and diversified research.
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