Market & Drivers

Market Researcher Adamas Intelligence - forecasts the market for magnet rare earth oxides is expected to increase fivefold by 2030 from $2.98 billion in 2020 to $15.65 billion in 2030.

The EU forecasts by 2050, demand for rare earths used in permanent magnets for Electrical Vehicles, Wind Power, Digital Consumer Technologies, Military and Medical equipment could increase 10x.

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