Ann: RMX Expands Footprint at Mt Mansbridge HREE Project, page-16

Boom boom boom! Rmx couldn’t have made a better decision. It’s a numbers game.


The EV boom will cause a new demand surge for some rare earths

The electric vehicle (EV) boom will cause a new wave of rare earth demand especially for Neodymium (Nd) and Dysprosium (Dy), as they are commonly used components in electric vehicle motor magnets. As the EV boom takes off (especially post 2020) demand for these key rare earths will surge.

Rare earths demand set to surge 655% in a 100% EV world

If electric vehicles continue to boom then the demand surge expected for the ‘magnet rare earths’ neodymium (Nd) and praseodymium (Pr) will be huge (see chart below). Dysprosium [Dy] is also sometimes used to make permanent magnets. As a result these magnet rare earths are forecast to go into deficit as the EV boom takes off.


Let’s get moving pls