Hexa Research forecasts $10.96B global rare earth elements market by 2020
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AUGUST 25, 2015
Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. Creation of elements from recycled waste is an area of opportunity for future. China, with more than 93% of the global production, was the largest producer of neodymium in 2012. billion in 2020.
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