Adamas Intelligence: market for magnet rare earth oxides to increase five-fold by 2040; undersupply expected

Green Car Congress
By mmillikinMay 6, 2023, 8:00 am310 pts
Following a latent demand pop in 2021 that saw the materialization of some pent-up demand from the year prior, Adamas Intelligence data indicates that global consumption of NdFeB magnets increased just 1.9% year-over-year in 2022, suppressed by global economic headwinds and regional pandemic-related challenges.…

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