Neodymium
Permanent magnets
resr
Glass and ceramic colouring
resr
Buy neodymium
Raw material producers:
China, Australia, USA
Areas of application:
Permanent magnets (wind energy, electromobility, consumer electronics)
Glass and ceramic colouring
Market forecasts:
- Wind power capacity in Europe will almost double by 2030.1
- Electric cars will already account for two thirds of global car sales by 2030.2
- Annual global demand for neodymium is forecast to increase from 7,001 tonnes in 2020 to a maximum of 76,843 tonnes in 2050.3
1) spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/022824-europe-forecast-to-add-262-gw-new-wind-capacity-by-2030-windeurope
2) rmi.org/press-release/evs-to-surpass-two-thirds-of-global-car-sales-by-2030-putting-at-risk-nearly-half-of-oil-demand-new-research-finds/
3) publications.jrc.ec.europa.eu/repository/bitstream/JRC132889/JRC132889_01.pdf
