Neodymium permanent magnets are used in high-performance, low-weight and small size electric motors and generators.
93% of all Electric Vehicle (EV) motors are permanent magnet traction motors.
The forecasted increase in wind power supply will almost fully substitute the decline in the coal-based power supply
More than 80% of all refined rare earths products are currently produced in China. Countries around the world are actively seeking rare earth resources outside of China as trade disputes and political tensions rise.
Other use cases include computers, robotics, brake energy recapture, and medical technology.
Transition to clean technology is accelerating, creating a demand-supply gap of Neodymium (Nd)
Nd&Pr (rare earth elements neodymium (Nd) and praseodymium (Pr)) are critical ingredients for electric motor vehicles and wind turbine generators
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