ASM Market Outlook (Jan 2024): Summary of info on page 11
https://asmd.irmau.com/site/pdf/39ec...low-Report.pdf
Positives:
Potential boost for Australian suppliers: US policy changes could benefit ASM (Australian) in accessing US government contracts.
EV demand drives NdFeB demand: Growing EV market & stricter sourcing rules create opportunity for ASM's non-Chinese NdFeB alloys.
Stable/rising prices: Prices for key ASM products (NdFeB, Zirconia, Hafnium) are stable or increasing, indicating strong demand.
Challenges:
Potential dip in Zirconia prices: Prices might fall in H1 2024.
Hafnium scarcity threat: Future scarcity could push prices up.
Other trends:
US EV market expected to grow (17% in 2023 → 24% in 2024).
Zirconia consumption likely to increase in 2024, with further growth in the medium term.
Hafnium market outlook positive despite end-of-year price dip.
Overall:
Positive outlook for ASM, potential opportunities from US policy changes and growing EV demand.
Challenges lie in potential price fluctuations for some materials and future supply constraints.
https://www.fueleconomy.gov/feg/tax2023.shtml 4 All figures for rare earths, NdFeB alloys and EVs are from/derived from Adamas Intelligence