Lithium, cobalt prices key to neodymium demand

Published: Friday, 29 June 2018

As long as battery materials are scarce, EV manufacturers will need rare earth magnets.

The booming electric vehicle sector has already resulted in massive increases in demand for lithium and cobalt for use in batteries.

And the trend is also driving demand for neodymium, a rare earth used to make magnets for use in electric vehicle (EV) motors. Consultancy Roskill, which estimated global neodymium demand...