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EVs drive explosive REE magnet demand

Adamas forecasts 500% growth for magnet rare earths by 2030 Metal Tech News – August 19, 2020

Rare earths and battery metals market expert Adamas Intelligence forecasts that demand for the magnet rare earths – neodymium, praseodymium, and dysprosium – will falter slightly this year due to COVID-19 before rising sharply over the balance of the decade.

Electric vehicles, wind power generators, consumer appliances, cordless power tools, speakers and dozens of other modern devices benef...

 

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