Terbium
Permanent magnets
Semiconductors
resr
Buy Terbium
Raw material producers:
China
Areas of application:
Permanent magnets (wind energy, electromobility, consumer electronics)
Semiconductors (microchips)
Fuel cells
Market forecasts:
- The annual global demand for terbium is expected to increase from 238 tonnes in 2020 to a maximum of 1,080 tonnes in 2050.1
- Wind power capacity in Europe will almost double by 2030.2
- The global electric vehicle fleet could grow twelve-fold by 2035.3
1) publications.jrc.ec.europa.eu/repository/bitstream/JRC132889/JRC132889_01.pdf
2) spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/022824-europe-forecast-to-add-262-gw-new-wind-capacity-by-2030-windeurope
3) iea.org/reports/global-ev-outlook-2024/outlook-for-electric-mobility
