Adamas Intelligence expects 10-fold increase in value of rare earths to $36.2B by 2035; growth led by passenger EV traction motors

Green Car Congress
By mmillikinFeb 4, 2023, 9:00 am325 pts
In 2022, Adamas Intelligence calculated that $3.8 billion worth of magnet rare earth oxides—i.e., NdPr, Dy and Tb oxides—were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. The total value of rare earth oxides consumed…

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Adamas Intelligence expects 10-fold increase in value of rare earths to $36.2B by 2035; growth led by passenger EV traction motors

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