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Pensana plans $125M rare earth separation facility in England

Green Car Congress

MAY 2, 2021

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

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Angola Wind China Hydrogen 345
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The Coming Boom in Rare Earths

Cars That Think

DECEMBER 7, 2023

Perhaps most importantly, though, they’re essential components of the permanent magnets used in the motors of most electric vehicles and many appliances, and also in the generators in most wind turbines. And the reason everyone is chasing those is because they’re used in the manufacturing of magnets. Wind turbines, too.

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