Rare Earth Market Update: International Market and Company News Late August
08/25/2020 14:24
Although 10% of NdFeB magnet demand is used in offshore wind turbines, it is used in electric vehicle (EV) drivetrain motors in the future, and is expected to exceed that of wind turbines. EV is forecast to increase by 26% or more annually and offshore wind power generation facilities will increase by 13% over the next 10 years. By 2022, Roskill forecasts that EV demand for NdFeB
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