and more significant rises in demand drivers are forecast to come ...
Hybrid and electric cars & trucks (Global): in growth phase – Estimates of between 6 and 10 million hybrids to be manufactured in 2020 – Each hybrid vehicle utilizes an average of 2 kg of neo magnets in drive and other sensor and motor applications: electric power steering, electric brakes, e-Turbo, speakers, etc. – Total neo magnet usage in 2015 = 7,000 rising to 17,000 tpa in 2020
EB (electric bicycles) (primarily in Asia): large and growing application – 65-350+ grams of neo magnets per EB – 20 million sold in China in 2009; forecast growth to 60 million per year globally in 2018 – Annual neo magnet usage = 6,000 rising to >15,000 tpa by 2018
from page 21:
http://www.magneticsmagazine.com/conferences/2016/Presentations/Arnold_Constantinides.pdf
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MAGNUM MINING AND EXPLORATION LIMITED
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