Rare earth magnets unlikely to be substituted any time soon

Rare earths demand will remain robust through to 2040 as the elements’ properties make them difficult to reduce or substitute without lowering performance in end use applications, according to Benchmark analyst Daan de Jonge. Neodymium, praseodymium, samarium, terbium, and dysprosium hold the highest market value of the 17 rare earths, used mainly as inputs for […]