Adamas Intelligence expects 10-fold increase in value of rare earths to $36.2B by 2035; growth led by passenger EV traction motors
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FEBRUARY 4, 2023
NdPr, Dy and Tb oxides—were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. Resources Rare Earth Magnet Market Outlook to 2035 In 2022, Adamas Intelligence calculated that $3.8 billion worth of magnet rare earth oxides—i.e.,
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