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e-Power Technology

Striving to Be the Next Globally Significant Supplier of Neodymium and Praseodymium (NdPr) to Meet the Needs of EV Driven NdFeB Magnet Demand Growth

July 6, 2021 Editorial Staff Comments Off on Striving to Be the Next Globally Significant Supplier of Neodymium and Praseodymium (NdPr) to Meet the Needs of EV Driven NdFeB Magnet Demand Growth

By 2030 annual production of EVs is expected to increase roughly ten-fold to 25-30 million, creating a need to more than double global supply of the rare earth elements, neodymium and praseodymium (NdPr), to meet the EV traction motor market requirement.

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