Rare-Earth Metals Market worth $9.6 billion by 2026 - Exclusive Report by MarketsandMarkets™
The increasing use of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to increase in production and consumption in China. Significant usage of permanent magnets offer a huge impetus to these advanced materials, are expected to drive the rare-earth metals market in the region. The Neodymium Oxide segment is projected to lead the global rare-earth metals market through 2026 Neodymium oxide is used to produce magnets which are found in most modern vehicles an...