| Title |
Management of the Rare Earth Elements (REE) in the Global Economy: Neodymiun Case Study |
| ID_Doc |
7675 |
| Authors |
Sala, D; Bieda, B |
| Title |
Management of the Rare Earth Elements (REE) in the Global Economy: Neodymiun Case Study |
| Year |
2023 |
| Published |
|
| DOI |
10.29227/IM-2023-02-53 |
| Abstract |
This study provides an overview of using rare earth elements (REEs) in global economy based on the permanent magnets consuming mainly a mixture of neodymium (Nd), praseodymium (Pr) and dysprosium (Dy), and cerium (Ce), as well as gadolinium (Gd) in much lower quantities. Actually the segment of the magnet market is the largest rare earth market (REM) by volume and will continue to outperform other market segments. In the report on "Rare Earths, Outlook to 2030" presented in Green Car Congress on the 3 February 2021 and developed by Roskill Commodity Research forecast, acquired in June 2021 by Wood Mackenzie, the leading global research, consultancy, and data analytics business powering the natural resources industry, Roskill forecasts that rare earth magnet applications will account for similar to 40% of total demand by 2030, raising the potential for a tight supply-demand balance for key magnetic REEs. The supply of rare earths on the US, Europe, Japan and Chinese markets is presented and discussed. |
| Author Keywords |
management of critical raw materials; rare earths (REEs); rare earth management; neodymium; rare earth magnet market; circular economy |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:001196949800004 |
| WoS Category |
Mining & Mineral Processing |
| Research Area |
Mining & Mineral Processing |
| PDF |
https://doi.org/10.29227/im-2023-02-53
|