Hexa Research forecasts $10.96B global rare earth elements market by 2020
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AUGUST 25, 2015
will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. China, with more than 93% of the global production, was the largest producer of neodymium in 2012.
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