Market & Drivers

"Market Researcher Adamas Intelligence - forecast that 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 forecast that, by 2050, demand for rare earths used in permanent magnets for Electrical Vehicles (EV's), Wind Power and Digital Consumer / Business Technologies could Increase 10x.

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