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2024 Rare Earths Outlook Report
Growth is expected for this sector for decades to come. But these critical metals have increasingly become a trade war pawn between the US and China. Our experts dive into global supply and demand trends to give you the inside scoop on what we can expect in 2024.
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Table of Contents:
A Sneak Peek At What The Insiders Are Saying
|“Slower demand for EVs in 2023 has had a negative impact on demand growth for magnets in the current year ... This will pick up again as EV sales penetration will reach 46 percent by 2030, and in general EV demand has resisted economic headwinds; (it's) just that supply got ahead of demand"
— Willis Thomas, CRU Group
|"The market growth remains focused on magnet materials, specifically for rotary magnets using heavy rare earths, which, with the supply risk for heavy rare earths, provides the biggest upside."
— Nils Backeberg, Project Blue
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