A recent report by Adamas Intelligence on global demand for NdFeB magnets: https://www.mining.com/supply-of-rare-earth-magnets-wont-keep-with-demand-by-2040-report/ “Constrained by increasingly tight availability of magnet rare earth feedstocks, we forecast that global undersupply of NdFeB alloy and powder will amount to 60,000 tonnes annually by 2030 and 246,000 tonnes annually by 2040 – an amount almost equal to last year’s total global NdFeB alloy and powder production,” the report reads. NdPr oxide is also predicted to be undersupplied by 90,000 tonnes by 2040 due to a lack of new primary and secondary supply sources from 2023 onward.
LYC Price at posting:
$6.58 Sentiment: Buy Disclosure: Held
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