The importance of EVs to the rare earths market
:format(auto):focal(center))
The electric vehicle market is the fastest growing demand sector for rare earth permanent magnets (REPM), according to Benchmark’s Rare Earths Forecast. Demand for such magnets is set to grow at a compound average growth rate of 15% per year between 2024 and 2030, compared to a 9% CAGR for the overall REPM market. “As […]