Hexa Research forecasts $10.96B global rare earth elements market by 2020
Green Car Congress
AUGUST 25, 2015
According to a new study by Hexa Research, high demand for rare earth elements such as cerium and lanthanum in applications such as automobiles, metallurgy, phosphors, glass, etc. Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. billion in 2020.
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