Magnet market growth is exploding, even Australian highly respect rare earth expert Professor Dudley Kingsnorth has underestimated the growth of the permanent magnet sector:-
2011 Breakdown of rare earth market demand:- Magnets 20%
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https://dspace.library.colostate.ed...4/77777/Hart_mines_0052N_10109.pdf?sequence=1
In 2012 Kingsnorth estimates out to 2016:- Magnet share estimated at 22% out to 2016:
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In 2016 demand by market:- now at a staggering 27%
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http://www.stocknessmonster.com/news-item?S=ALK&E=ASX&N=763435
and what's driving this explosive growth in Magnet demand is Electric Vehicle Sales:-
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at the end of 2011 world wide electric vehicle sales was around 100,000
4 short years later in 2015 Electric Vehicle sales are exceeding 1,200,000
that's a staggering 1,100% growth in electric vehicle sales world wide in only 4 short years
that is what is driving spectacular growth in permanent magnets demand
in the next few years we will see this exceptional growth trend continue - which will spearhead demand for more Dysprosium and see NTU develop it's full scale plant
In the interim we will have to be content with a significant positive re-rating which is now underway and will be solidified when $9 is deposited at the end of this month
Sentiment: Strong Buy
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Magnet market growth exploding
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