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Neodymium Dominates Rare-Earth Metals Market: Key Player in Permanent Magnet Revolution
Oct 5th, 2023 · Comments Off on Neodymium Dominates Rare-Earth Metals Market: Key Player in Permanent Magnet Revolution
The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.3% during the forecast period. The increasing use of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to an increase in production...