Rare earths supply to be strong in 2024 but Myanmar risk remains

Deep excavation hole of an open pit mine for rare earth elements

Supply will be key to understanding the rare earths market in 2024 when global production is set to increase amidst persistent low demand. Rare earths demand is primarily driven by their use in high-strength rare earth permanent magnets (REPMs) found inside wind turbines, electric vehicle (EV) motors, and certain defence technologies. “The outlook for 2024 […]

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