Adamas Intelligence: market for magnet rare earth oxides to increase five-fold by 2040; undersupply expected
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. Now, in its latest annual report...
Source: greencarcongress.com