EV car sales are growing rapidly in China, which is also where a growing chunk of NdFeB is going. Last year some 3 million NEV (of which vast majority are BEVs) were sold (up from 1.21m in 2020). This year..
'Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said in an article today that sales of NEVs in China are expected to top 6 million units next year, corresponding to a penetration rate of about 22 percent.'
https://cnevpost.com/2021/12/31/cpca-head-expects-chinas-nev-sales-to-top-6-million-in-2022-as-consumers-seize-final-subsidies/
I have no doubt China will be knocking on our door for any excess NdPr we can produce..
EV news, page-1646
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