Neodymium Market Set for Strong Expansion, Projected to Reach US$...

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2026-06-25 19:55:12 - Übersetzen

Neodymium Market Set for Strong Expansion, Projected to Reach US$ 5.0 Billion by 2036 Driven by EVs and Renewable Energy Growth

The global neodymium market is entering a decisive growth phase, driven by accelerating electrification across transportation systems, rapid expansion of renewable energy infrastructure, and rising demand for high-performance permanent magnets. Valued at approximately US$ 2.1 billion in 2025, the market is projected to reach US$ 5.0 billion by 2036, expanding at a compound annual growth rate...

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