REIA WEBINAR: Magnet demand in focus for rare earths industry

By William Clarke
Published: Wednesday, 09 June 2021

Magnet demand will continue to drive the global rare earth market over the next decade, attendees at a Rare Earth Industry Association (REIA) webinar on the future of the sector heard on Thursday June 3.

The magnet sector accounted for only 23% of rare earth production by volume in 2020 but 71% by value, Mark Seddon, senior manager at Argus Media, told attendees.

Taking into account all applications, the rare earths - including neodymium, praseodymium, dysprosium and terbium - used in magnets accounted for 27% of...

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