REIA WEBINAR: Magnet demand in focus for rare earths industry
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...