Rare Earth Oxides Market to Register a Fivefold Increase by 2030

May 19, 2021 15:05:44

A report released recently by Adamas Intelligence predicts that the overall market for magnetic rare earth oxide minerals will shoot up from its current size of $2.98 billion to $15.65 billion by 2030.

The report indicates that the major driver for this massive growth is the total demand for these magnet rare earths, a demand which is anticipated to grow at a 9.7% CAGR, as well as the price of the metals, which is expected to grow at a 5.6 to 9.9% CAGR over the review period…

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