Neodymium Market Driven by Increasing Applications in Electric...

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2026-05-19 09:47:40 -

Neodymium Market Driven by Increasing Applications in Electric Vehicles and Wind Turbines

The neodymium market, pivotal in the production of high-performance magnets, is on the brink of significant transformation. According to projections, the market is expected to reach approximately 5.684 billion USD by the year 2035, reflecting a compound annual growth rate (CAGR) of 6.04%. This growth trajectory is driven by the burgeoning demand for neodymium in various high-tech applications,...

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