Today, the beginning of ‘the uptrend’, page-165

Here's some 18 month old (prehistoric) research for you, written from the perspective of battery efficiency, when someone gets around to going further downstream to research the efficiency of electrified accessory drives it will be all about NdFeB, a few excerpts for you, but I'm guessing the concept will still float right on over >

Exploring the Opportunity Space For High-Power Li-Ion
Batteries in Next-Generation 48V Mild Hybrid Electric
Vehicles

Mild Hybrid Electric Vehicles (MHEV) have seen increasing
attention from automobile manufacturers in recent years due to their
improvement in fuel economy and ability to support a wide variety of
electrified devices.
Autonomie simulation was performed using a standard power-split
parallel model to simulate a P4 hybrid architecture with 25kW battery/
generator capacity. Doing so yielded an average fuel economy of 54mpg
(4.3 liters/100km), thus providing a 60% fuel economy improvement
over conventional ICE vehicle with base 33mpg (7.2 liters/100km).

In addition to fuel economy, high-power MHEV supports propulsion,
provides new features, and facilitates electrification of conventional
accessories. Table 3 lists selected high-power loads [22-23] that may
be present on future MHEV vehicles. Electric AC and power steering
replace mechanical devices that are typically driven via the serpentine
belt in current vehicles. Electric suspension provides additional
functionality to that typically found on production vehicles. Electric
turbo/super-charging can complement or replace turbochargers driven
by exhaust gas in current vehicles

https://www.researchgate.net/public...eration_48V_Mild_Hybrid_Electric_Vehicles#pfb

Just the beginning, this highly cost effective transition platform will likely create considerable additive NdFeB demand both in drivetrain & electrified accessories.

And likely confluence with the Dragon capping ROW RE exports to 44ktpa.