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By Shane Lasley
Metal Tech News 

EVs drive explosive REE magnet demand

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


Last updated 7/10/2022 at 2:45pm

EV electric vehicle motor drive demand for REE magnets

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Rare earth magnets in electric vehicle traction motors are expected to drive significant demand for neodymium, praseodymium, and dysprosium over the next decade.

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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