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By Shane Lasley
Metal Tech News 

EV magnet rare earth price set to sail

Metal Tech News - November 2, 2022


Last updated 12/6/2022 at 2:27pm

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Adamas Intelligence foresees the anchors currently holding neodymium-praseodymium markets to be cut free over the next six to 18 months, allowing the price for this rare earth magnet material to sail back to levels needed to sustain growth driven by the transition to electric vehicles.

Adamas forecasts NdPr prices to hit $150/kg to ensure supply keeps pace with auto demand

Despite a widely held belief that soaring neodymium-praseodymium prices would press automakers to look at alternatives to these rare earths for magnets going into electric vehicles, Adamas Intelligence forecasts that NdPr oxide prices will double by the end of the decade.

NdPr is a combination of t...

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