The Demand drivers for REE. From another preso. You guys get the idea.
Used in glass, ceramics, phosphors, the automotive industry, electric vehicles and renewable energy generation.
- Each EV uses 2-5kg of REE magnets. Global sales are forecast to grow 20% CAGR to 2026 (20m units pa.)
- Wind turbines use 650kg of REE magnets per MW of generation capacity-installed generation capacity forecast to grow at 25% CAGR to 2030.
-Growing demand for permanent magnets is the primary driver of growth in REE and demand over the next 10 years. Magnetic REE are going to be 99% of the value of the market by 2031.
-MRE0 supply deficit of 37% forecast by 2031.
-MREO supply deficit of 15% forecast by 2031 if all planned projects come online and produce as forecast.
-MREO are 1% of the cost of a EV.
DRE Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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