Couple good posts I thought worth sharing ...
About NdPr
https://finance.yahoo.com/news/medallion-produces-rare-earth-concentrate-100000832.html
About NdPr
NdPr is in limited supply globally and is the critical raw material in the manufacture of ultra-strong, high performance Neodymium-Iron-Boron (NdFeB) permanent magnets. NdFeB magnets are used extensively in the automotive industry to power the small electric motors now contained in many seats, mirrors, wipers, steering, air conditioning, and braking systems. Virtually all current and planned hybrid and electric vehicles require NdFeB magnets in the electric traction motors powering the vehicle. While gasoline or diesel powered vehicles each use approximately 0.7 kg of NdPr, electric or hybrid vehicles require an additional 1 kg or 140% of NdPr for the traction motor. Banking group UBS has recently identified NdPr, along with battery materials lithium and cobalt, as the input commodities most positively affected by growing market demand for electric vehicles. Adamas Intelligence has estimated the value of global annual rare earth oxides for the production of rare earth permanent magnets totaled $1.44 billion in 2016. Adamas’ long-term forecast anticipates an increase in demand for the magnet-oriented, rare earth oxides to $6.07 billion by 2025, representing a compound annual growth rate of 17.4 %.
Also one of the better summaries of the overall REE state. Actually recognizes Lynas for once.
Summary
https://eandt.theiet.org/content/ar...ements-the-global-battle-for-precious-metals/
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