Research and advisory services firm Adamas Intelligence is forecasting “astronomical” demand growth for certain rare earth minerals in the 2030s and has said that the supply-side of the industry is unlikely to keep up with the growing demand.
Demand for magnet rare earths, such as neodymium, praseodymium, dysprosium and terbium, is rapidly growing, while surpluses of cerium and lanthanum are growing.
In a new report, the consultancy forecasts that magnet rare earth oxide demand will increase at a compound annual growth rate of 9.7%. The value of global magnet rare earth oxide consumption will rise five-fold by 2030, from $2.98-billion this year to $15.65-billion at the end of the decade. Continue Reading →