Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > Australian Rare Earths

Reply
 
Thread Tools Display Modes
  #1  
Old 01-13-2024, 01:43 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 2,068
Default Rare Earth Magnet Market Outlook to 2040

Summary of "Rare Earth Magnet Market Outlook to 2040" : https://www.adamasintel.com/report/r...tlook-to-2040/

Growth:

Strong growth projected for rare earth magnets (NdFeB) driven by electric vehicles and wind power (7.5% CAGR).

Demand surge for key elements needed in these magnets (didymium, dysprosium, terbium).
Moderate production growth for these elements (5.2% CAGR) lagging behind demand.

Supply and Demand:

Significant NdFeB magnet undersupply predicted (60,000 tonnes by 2030, 246,000 tonnes by 2040).

Similar undersupply trend for NdPr oxide (90,000 tonnes by 2040), dysprosium oxide (1,800 tonnes), and terbium oxide (450 tonnes).

Lack of new primary and secondary supply sources exacerbating the imbalance.

Market Value:

Overall market for magnet rare earth oxides expected to see significant expansion (5-fold growth by 2040).

Total consumption of these oxides to grow at a slightly lower rate than demand (5.2% CAGR).
Price increases likely due to undersupply and rising demand.

Global market value for magnet rare earth oxide consumption projected to reach $56.7 billion by 2040 (from $10.8 billion in 2023).

https://www.adamasintel.com/rare-ear...tlook-to-2040/

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content.
The information on this site is for information purposes only. Alternative-Energy.com.au is neither responsible nor liable for the accuracy of this data.

Comments on this forum should never be taken as investment advice.

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 05:58 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.