Hexa Research forecasts $10.96B global rare earth elements market by 2020
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AUGUST 25, 2015
will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. Elements such as terbium, europium and yttrium are used in the phosphors industry.
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